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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Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.
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Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.
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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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Float

Listing a company on a stock exchange, or the shares that are genuinely up for grabs once it’s there.
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Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.
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Zero coupon bonds

What is a zero coupon bond?
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Account balance

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

London Stock Exchange, which was founded in 1571 and now has a market cap of almost $5 trillion.
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Formal admission

The moment new shares are officially admitted to the stock exchange and open to trading for everyone.
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