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Unicorn

Unicorn

A startup valued at over £1 billion. They are rare, hence the name.

A startup valued at over £1 billion. They are rare, hence the name.

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Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.
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Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.
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Balance sheet

A summary of a company's finances, including its assets, liabilities and shareholder equity.
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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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Key Information Document (KID)

A document issued by an investment fund to help investors determine if it's the right fund for them.
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DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.
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Rate of Return

Profit on an investment, expressed as a percentage of the investment.
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Quick ratio

Learn what quick ratio stands for in financial terms and how to calculate it.
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Equity ETF

An exchange-traded fund that is comprised of a set of stocks.
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