Volatility

A measure of how much the prices of an asset or index vary over time.

A measure of how much the prices of an asset or index vary over time.

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Key Information Document (KID)

A document issued by an investment fund to help investors determine if it's the right fund for them.
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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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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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Free Trade

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

The amount of money a company would be left with by subtracting its liabilities from the value of its assets.
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Spot Rate

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

A tax deduction made at the source of the payment.
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NYSE

The world's largest stock exchange. Wall St HQ.
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Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.
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