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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UK Treasury bill

A debt instrument issued by the UK government with a maturity of less than one year.
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Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.
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Zero coupon bonds

What is a zero coupon bond?
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Stock Market

A place where shares of publicly listed companies are traded.
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Interest Rate

The amount a lender charges for lending your money, or a borrower pays you for borrowing your money.
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Zero-Sum Game

A situation in which one person's gain is another's loss.
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Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.
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Fundamentals

The data or information that is likely to impact a company's stock price.
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Internal Rate of Return (IRR)

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