What is a 'unicorn'? Definition & meaning

More terms

Geometric Mean Return

A way of calculating compound returns on an investment or savings over a set period of time.

Fixed Income

An investment that provides a fixed rate of return, often over a specific set of time.

Equity ETF

An exchange-traded fund that is comprised of a set of stocks.

Securities

Bonds and stocks.

Oligopoly

A situation in which a market or industry is controlled by a small group of companies.

DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.

Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.

Growth stocks

These are stocks in companies that are considered to be “growing”. These companies may be delivering new products and services, or entering new markets.

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.

Unicorn