Spot Rate

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

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

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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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Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.
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Leverage

A method of trading using borrowed money that usually involves a very high level of risk.
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Ponzi Scheme

A form of fraud designed to lure new investors, and pays the earlier backers by using the new investors' money.
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Direct listing

Going public without the traditional IPO. Existing shares, straight onto the exchange, no new money raised.
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Over-The-Counter (OTC)

A security that is sold outside of an exchange.
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Volatility

A measure of how much the prices of an asset or index vary over time.
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Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.
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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.
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