What is 'zero-sum game'? Definition & meaning

More terms

Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.

Accounting standards

The rules a company follows when preparing financial statements.

Coupon

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.

Xetra

A trading venue operated by the Frankfurt Stock Exchange.

Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).

Total Return

This is the measurement of a fund’s performance in a specific period.

Maturity date

The date on which a gilt is redeemed and the gilt holder receives the repayment of the nominal amount and final dividend or coupon payment.

OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.

Know Your Customer (KYC)

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.

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Zero-Sum Game