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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Know Your Customer (KYC)

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.
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NASDAQ

A US stock exchange specialising in the shares of technology companies.
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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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Gross Margin

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

The amount of money made or lost from an investment. Usually expressed as a percentage.
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Fixed Income

An investment that provides a fixed rate of return, often over a specific set of time.
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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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Zero-Sum Game

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