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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Accounting standards

The rules a company follows when preparing financial statements.
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Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.
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Running yield

The annual interest payment (dividend) divided by the current market price of a bond.
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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.
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Hedge Fund

Investment funds that are often associated with riskier and shorter-term trading strategies.
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Capital

Learn what financial capital means
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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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Annualised Rate of Return

The average annual return an investor sees over a set period of time.
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Fixed Income

An investment that provides a fixed rate of return, often over a specific set of time.
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