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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Annualised Rate of Return

The average annual return an investor sees over a set period of time.
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Depository

We look at what is a depository and what role they play in keeping markets work.
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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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Quick ratio

Learn what quick ratio stands for in financial terms and how to calculate it.
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Ponzi Scheme

A form of fraud designed to lure new investors, and pays the earlier backers by using the new investors' money.
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Clean price

The quoted price of a gilt, which excludes accrued interest
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Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.
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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.
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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.
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