What is the 'spot rate'? Definition & meaning

More terms

Growth stocks

These are stocks in companies that are considered to be “growing”. These companies may be delivering new products and services, or entering new markets.

Know Your Customer (KYC)

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.

Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.

Inflation

The increase in the prices of goods and services over time, and the process by which money loses its value.

Coupon

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.

Fundamentals

The data or information that is likely to impact a company's stock price.

W-8BEN Form

Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.

Stock Market

A place where shares of publicly listed companies are traded.

Key Information Document (KID)

A document issued by an investment fund to help investors determine if it's the right fund for them.

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Spot Rate