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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Dirty price

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

The percentage by which an investor outperforms a relevant benchmark.
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Rate of Return

Profit on an investment, expressed as a percentage of the investment.
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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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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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Unicorn

A startup valued at over £1 billion. They are rare, hence the name.
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Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.
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Technical Analysis

Examining price movements of shares and other assets, and trying to predict how they will move in the future.
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