Time-Weighted Rate of Return (TWRR)

A return calculated over the time period invested, that excludes extraneous elements, such as deposits to and withdrawals from the investment accounted.

A return calculated over the time period invested, that excludes extraneous elements, such as deposits to and withdrawals from the investment accounted.

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Leverage

A method of trading using borrowed money that usually involves a very high level of risk.
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Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.
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Stock Market

A place where shares of publicly listed companies are traded.
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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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Total Return

This is the measurement of a fund’s performance in a specific period.
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Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt
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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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After-hours trading

Trading outside of a stock exchange's opening hours.
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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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