Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.

The concept that money you have now is more valuable than the same sum in the future.

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Global Investment Performance Standards (GIPS)

A set of standards which investors use to present their investment results.
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Yield

Income from an investment as a percentage of its current price.
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Conventional gilts

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).
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Costs and Charges

The money you pay when investing.
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Equity

The amount of money a company would be left with by subtracting its liabilities from the value of its assets.
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DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.
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Income statement

A summary of a company's income and expenses over a set period of time.
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Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.
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Zero coupon bonds

What is a zero coupon bond?
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