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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.

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After-hours trading

Trading outside of a stock exchange's opening hours.
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index-linked gilts

Gilts where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI). This is as opposed to a conventional gilt, where the dividends and principal repayments are fixed in nominal terms.
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Dirty price

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

The increase in the prices of goods and services over time, and the process by which money loses its value.
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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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Money weighted rate of return

Learn what Money Weighted Rate of Return or MWRR stands for in finance.
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NASDAQ

A US stock exchange specialising in the shares of technology companies.
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Free Trade

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

A tax deduction made at the source of the payment.
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