Xetra

A trading venue operated by the Frankfurt Stock Exchange.

A trading venue operated by the Frankfurt Stock Exchange.

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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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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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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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LSE

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

The difference between a company's revenue and the cost to produce its goods/services, divided by revenue.
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Fixed Income

An investment that provides a fixed rate of return, often over a specific set of time.
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Net Income (NI)

The money a firm is left with from sales after subtracting taxes and different business costs.
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Gilt

What is a gilt?
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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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