Yield

Income from an investment as a percentage of its current price.

Income from an investment as a percentage of its current price.

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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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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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Unicorn

A startup valued at over £1 billion. They are rare, hence the name.
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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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Global Investment Performance Standards (GIPS)

A set of standards which investors use to present their investment results.
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IPO

When a private company sells shares to the public for the first time. Its stock market debut, basically.
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Profit and Loss Statement (P&L)

A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.
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Bull market

We explain what a 'bull market' means
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Forward pricing

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.
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