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United States Dollar (USD)

United States Dollar (USD)

The famous greenback our friends in the US use as currency.

The famous greenback our friends in the US use as currency.

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Zero-Sum Game

A situation in which one person's gain is another's loss.
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Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.
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Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.
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OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.
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Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.
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Yield to maturity (YTM)

What is yield to maturity and why is it useful?
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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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Packaged Retail and Insurance-based Investment Product (PRIIP)

An investment where, regardless of its legal form, the amount repayable to the retail investor is subject to fluctuations.
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SPAC

Find our what a SPAc or special purpose acquisition company is.
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