Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.

The currency exchange rate a bank quotes, valid with immediate effect.

More terms

NASDAQ

A US stock exchange specialising in the shares of technology companies.
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After-hours trading

Trading outside of a stock exchange's opening hours.
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Oligopoly

A situation in which a market or industry is controlled by a small group of companies.
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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.
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Quantitative easing

Find out what quantitative easing is and how central banks use this monetary measure to encourage economic growth.
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Limit order

Learn what a limit order is and how to use it to make the most of your portfolio.
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Clean price

The quoted price of a gilt, which excludes accrued interest
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Depository

We look at what is a depository and what role they play in keeping markets work.
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Annualised Rate of Return

The average annual return an investor sees over a set period of time.
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