What is 'Venture Capital Trust (VCT)'?

More terms

Investment Trust

A company that pools money together from multiple investors and then invests it.

Account balance

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

Gross Margin

The difference between a company's revenue and the cost to produce its goods/services, divided by revenue.

Coupon

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.

Profit and Loss Statement (P&L)

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

United States Dollar (USD)

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

Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.

Dirty price

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

Professional Client

An investor that is able to meet several regulatory criteria.

Venture Capital Trust (VCT)