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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

Fixed Income

An investment that provides a fixed rate of return, often over a specific set of time.

Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.

Profit and Loss Statement (P&L)

A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.

Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).

Income statement

A summary of a company's income and expenses over a set period of time.

Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.

Over-The-Counter (OTC)

A security that is sold outside of an exchange.

Rate of Return

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

Ponzi Scheme

A form of fraud designed to lure new investors, and pays the earlier backers by using the new investors' money.

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