What is a 'unicorn'? Definition & meaning

More terms

Depository

We look at what is a depository and what role they play in keeping markets work.

Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.

After-hours trading

Trading outside of a stock exchange's opening hours.

Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.

Account balance

The amount of money a user has stored in a financial repository.

Conventional gilts

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).

Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.

Gross Margin

The difference between a company's revenue and the cost to produce its goods/services, divided by revenue.

United States Dollar (USD)

The famous greenback our friends in the US use as currency.

Unicorn