/

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

Junk Bond

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

SPAC

Find our what a SPAc or special purpose acquisition company is.

Securities

Bonds and stocks.

Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.

Balance sheet

A summary of a company's finances, including its assets, liabilities and shareholder equity.

Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.

Dirty price

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

Maturity value

What's the maturity value of a bond?

Investment Trust

A company that pools money together from multiple investors and then invests it.

You’re just minutes away from commission-free investing

When you invest, your capital is at risk

Freetrade does not provide investment advice and individual investors should make their own decisions or seek professional advice. The value of investments can go down as well as up and you may receive back less than your original investment. Freetrade is a trading name of Freetrade Limited, which is a member firm of the London Stock Exchange and is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales (no. 09797821).

© 2026 Freetrade, All rights reserved. The Apple logo is a trademark of Apple Inc. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.