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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Zero-Sum Game

A situation in which one person's gain is another's loss.
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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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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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Professional Client

An investor that is able to meet several regulatory criteria.
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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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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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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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Oligopoly

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