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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Global Investment Performance Standards (GIPS)

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

A debt instrument issued by the UK government with a maturity of less than one year.
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Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.
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Bed & ISA

Understand what Bed and ISA is and how it works
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Profit and Loss Statement (P&L)

A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.
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Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.
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Total Return

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

We look at what is a depository and what role they play in keeping markets work.
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Coupon

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.
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