Unit Trusts
A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.
A zero coupon bond is a bond that does not make interest payments.
This type of bond is issued at a discount to its maturity value and is redeemed at the maturity value, generating a return for the investor.
UK Treasury bills are an example of a zero coupon bond.
Zero coupon bonds can be issued by governments, municipalities, and companies.