Withholding Tax

A tax deduction made at the source of the payment.

A tax deduction made at the source of the payment.

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Forward pricing

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.
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After-hours trading

Trading outside of a stock exchange's opening hours.
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Zero-Sum Game

A situation in which one person's gain is another's loss.
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Equity ETF

An exchange-traded fund that is comprised of a set of stocks.
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52-week high/low

The highest, or lowest, price a share has traded at in a passing year.
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Yield to maturity (YTM)

What is yield to maturity and why is it useful?
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American Depository Receipts (ADRs)

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.
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Volatility

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

The quoted price of a gilt, which excludes accrued interest
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