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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Internal Rate of Return (IRR)

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

The amount of money made or lost from an investment. Usually expressed as a percentage.
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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
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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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Income statement

A summary of a company's income and expenses over a set period of time.
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Collective investment scheme

Learn what's a collective investment scheme
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Maturity value

What's the maturity value of a bond?
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Net asset value

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

A tax deduction made at the source of the payment.
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