Year to Date (YTD)

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

Going public without the traditional IPO. Existing shares, straight onto the exchange, no new money raised.

A mathematical test used to determine whether a claim is true or false.

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.

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

Profit on an investment, expressed as a percentage of the investment.

Learn what a bond is

A listed company run by a fund manager, investing mainly in private companies.e.

The amount of money a company would be left with by subtracting its liabilities from the value of its assets.