Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.

A listed company run by a fund manager, investing mainly in private companies.e.

More terms

Maturity value

What's the maturity value of a bond?

Inflation

The increase in the prices of goods and services over time, and the process by which money loses its value.

Spot Rate

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

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.

Custodian bank

Learn what a custodian bank is.

Wall Street

A street in New York that became a figure of speech for the financial markets of the US.

Securities

Bonds and stocks.

Time-Weighted Rate of Return (TWRR)

A return calculated over the time period invested, that excludes extraneous elements, such as deposits to and withdrawals from the investment accounted.

Balance sheet

A summary of a company's finances, including its assets, liabilities and shareholder equity.

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Benefits include

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