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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Clean price

The quoted price of a gilt, which excludes accrued interest
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Withholding Tax

A tax deduction made at the source of the payment.
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Securities

Bonds and stocks.
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OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.
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Xetra

A trading venue operated by the Frankfurt Stock Exchange.
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Capital

Learn what financial capital means
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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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Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.
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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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