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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.

More terms

Money laundering

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

Accounting standards

The rules a company follows when preparing financial statements.

Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.

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.

Investment Return

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

Withholding Tax

A tax deduction made at the source of the payment.

UK Treasury bill

A debt instrument issued by the UK government with a maturity of less than one year.

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.

Yield to maturity (YTM)

What is yield to maturity and why is it useful?

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