Year to Date (YTD)

A document issued by an investment fund to help investors determine if it's the right fund for them.

An ETF that that reproduces the return of an index through the use of swaps.

The increase in the prices of goods and services over time, and the process by which money loses its value.

A tax deduction made at the source of the payment.

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

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

A situation in which a market or industry is controlled by a small group of companies.

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

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