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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Yield to maturity

What is yield to maturity and why is it useful?
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Xetra

A trading venue operated by the Frankfurt Stock Exchange.
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Junk Bond

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

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

A place where shares of publicly listed companies are traded.
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American Depository Receipt (ADRs)

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.
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Unicorn

A startup valued at over £1 billion. They are rare, hence the name.
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Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.
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Packaged Retail and Insurance-based Investment Product (PRIIP)

An investment where, regardless of its legal form, the amount repayable to the retail investor is subject to fluctuations.
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