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.

More terms

Alpha

The percentage by which an investor outperforms a relevant benchmark.
Read more

Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.
Read more

Accounting standards

The rules a company follows when preparing financial statements.
Read more

Packaged Retail and Insurance-based Investment Product (PRIIP)

An investment where, regardless of its legal form, the amount repayable to the retail investor is subject to fluctuations.
Read more

Interest Rate

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

Yield curve

A graphical representation of interest rates over time
Read more

Zero coupon bonds

What is a zero coupon bond?
Read more

Formal admission

The moment new shares are officially admitted to the stock exchange and open to trading for everyone.
Read more

Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.
Read more

You're just minutes away from commission-free investing

Capital at risk. Other charges may apply.