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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Volatility

A measure of how much the prices of an asset or index vary over time.
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Exchange-Traded Fund (ETF)

A collection of investments, pooled into a single fund that can be bought and sold on a stock exchange.
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Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.
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Stock Market

A place where shares of publicly listed companies are traded.
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Depository

We look at what is a depository and what role they play in keeping markets work.
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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
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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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Bull market

We explain what a 'bull market' means
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W-8BEN Form

Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.
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