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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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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Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).
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Zero-Sum Game

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

Bonds and stocks.
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Total Return

This is the measurement of a fund’s performance in a specific period.
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Equity ETF

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

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

Learn what financial capital means
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Conventional gilts

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).
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