Venture Capital

A type of financing that investors provide to startups, who sometimes announce getting said financing in TechCrunch, to big fanfare.

A type of financing that investors provide to startups, who sometimes announce getting said financing in TechCrunch, to big fanfare.

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Spot Rate

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

An exchange-traded fund that is comprised of a set of stocks.
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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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Running yield

The annual interest payment (dividend) divided by the current market price of a bond.
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index-linked gilts

Gilts where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI). This is as opposed to a conventional gilt, where the dividends and principal repayments are fixed in nominal terms.
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Yield to maturity (YTM)

What is yield to maturity and why is it useful?
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Oligopoly

A situation in which a market or industry is controlled by a small group of companies.
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Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.
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Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.
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