Zero-Sum Game

A situation in which one person's gain is another's loss.

A situation in which one person's gain is another's loss.

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Packaged Retail and Insurance-based Investment Product (PRIIP)

An investment where, regardless of its legal form, the amount repayable to the retail investor is subject to fluctuations.
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Real Estate Investment Trust (REIT)

An investment trust specialised in investing in commercial property such as parking garages or GP offices.
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Xetra

A trading venue operated by the Frankfurt Stock Exchange.
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Rate of Return

Profit on an investment, expressed as a percentage of the investment.
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Time-Weighted Rate of Return (TWRR)

A return calculated over the time period invested, that excludes extraneous elements, such as deposits to and withdrawals from the investment accounted.
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Holding Period Return

The amount of money generated by an asset during the time that it was held by an investor..
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Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.
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Over-The-Counter (OTC)

A security that is sold outside of an exchange.
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Venture Capital

A type of financing that investors provide to startups, who sometimes announce getting said financing in TechCrunch, to big fanfare.
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