What is a 'unicorn'? Definition & meaning

More terms

Global Investment Performance Standards (GIPS)

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

Free Trade

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

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

Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.

Yield curve

A graphical representation of interest rates over time

Net asset value

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

Costs and Charges

The money you pay when investing.

Total Return

This is the measurement of a fund’s performance in a specific period.

Running yield

The annual interest payment (dividend) divided by the current market price of a bond.

Unicorn