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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Time Value of Money

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

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).
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Profit and Loss Statement (P&L)

A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.
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Bond

Learn what a bond is
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Holding Period Return

The amount of money generated by an asset during the time that it was held by an investor..
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Total Return

This is the measurement of a fund’s performance in a specific period.
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Base rate

What's the base rate?
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Beta

Learn what Beta stands for in finance.
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