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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Withholding Tax

A tax deduction made at the source of the payment.
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Junk Bond

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

The amount of money made or lost from an investment. Usually expressed as a percentage.
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Professional Client

An investor that is able to meet several regulatory criteria.
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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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Oligopoly

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

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

The percentage by which an investor outperforms a relevant benchmark.
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