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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Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.
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Gross Margin

The difference between a company's revenue and the cost to produce its goods/services, divided by revenue.
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Interest Rate

The amount a lender charges for lending your money, or a borrower pays you for borrowing your money.
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American Depository Receipts (ADRs)

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.
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Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.
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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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52-week high/low

The highest, or lowest, price a share has traded at in a passing year.
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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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Exchange-Traded Fund (ETF)

A collection of investments, pooled into a single fund that can be bought and sold on a stock exchange.
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