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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.

More terms

Yield curve

A graphical representation of interest rates over time

Securities

Bonds and stocks.

Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.

Withholding Tax

A tax deduction made at the source of the payment.

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

Bond

Learn what a bond is

Custodian bank

Learn what a custodian bank is.

OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.

Professional Client

An investor that is able to meet several regulatory criteria.

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