What is 'Unicorn'? | Freetrade Dictionary

More terms

Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.

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).

Annualised Rate of Return

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

Free Trade

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

Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.

Maturity value

What's the maturity value of a bond?

Know Your Customer (KYC)

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.

Base rate

What's the base rate?

Account balance

The amount of money a user has stored in a financial repository.

Unicorn