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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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Accounting standards

The rules a company follows when preparing financial statements.
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Hedge Fund

Investment funds that are often associated with riskier and shorter-term trading strategies.
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Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.
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Global Investment Performance Standards (GIPS)

A set of standards which investors use to present their investment results.
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OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.
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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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Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.
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Maturity value

What's the maturity value of a bond?
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Gilt

What is a gilt?
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