/

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

Earnings per share

We look at what earnings per share mean and how to calculate it

Capital

Learn what financial capital means

Zero-Sum Game

A situation in which one person's gain is another's loss.

Total Return

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

After-hours trading

Trading outside of a stock exchange's opening hours.

Unicorn

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

Forward pricing

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.

Income statement

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

Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.

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.