Year to Date (YTD)

A period of time that starts with the first day of the current calendar year and ends with today.

A period of time that starts with the first day of the current calendar year and ends with today.

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Investment Return

The amount of money made or lost from an investment. Usually expressed as a percentage.
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Securities

Bonds and stocks.
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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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Gross Margin

The difference between a company's revenue and the cost to produce its goods/services, divided by revenue.
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W-8BEN Form

Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.
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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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Yield to maturity (YTM)

What is yield to maturity and why is it useful?
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Zero-Sum Game

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

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt
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