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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Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.
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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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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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Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.
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Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).
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Professional Client

An investor that is able to meet several regulatory criteria.
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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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Global Investment Performance Standards (GIPS)

A set of standards which investors use to present their investment results.
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Year to Date (YTD)

A period of time that starts with the first day of the current calendar year and ends with today.
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