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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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Withholding Tax

A tax deduction made at the source of the payment.
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Running yield

The annual interest payment (dividend) divided by the current market price of a bond.
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Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.
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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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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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Stock Market

A place where shares of publicly listed companies are traded.
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Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.
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Wall Street

A street in New York that became a figure of speech for the financial markets of the US.
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NYSE

The world's largest stock exchange. Wall St HQ.
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