What is a 'unicorn'? Definition & meaning

More terms

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.

Yield curve

A graphical representation of interest rates over time

Yield

Income from an investment as a percentage of its current price.

Ponzi Scheme

A form of fraud designed to lure new investors, and pays the earlier backers by using the new investors' money.

Year to Date (YTD)

A period of time that starts with the first day of the current calendar year and ends with today.

Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.

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.

Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.

Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.

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Unicorn