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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Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.
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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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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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Interest Rate

The amount a lender charges for lending your money, or a borrower pays you for borrowing your money.
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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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Investment Return

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

We explain what a 'bull market' means
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Diversification

An investment strategy in which money is put into a variety assets.
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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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