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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Value stocks

Stocks in companies that aren’t necessarily growing fast, but instead are dependable and stable.
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Equity

The amount of money a company would be left with by subtracting its liabilities from the value of its assets.
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Money weighted rate of return

Learn what Money Weighted Rate of Return or MWRR stands for in finance.
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After-hours trading

Trading outside of a stock exchange's opening hours.
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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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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).
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American Depository Receipts (ADRs)

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.
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Annualised Rate of Return

The average annual return an investor sees over a set period of time.
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Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.
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