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Zero-Sum Game

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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Exchange-Traded Fund (ETF)

A collection of investments, pooled into a single fund that can be bought and sold on a stock exchange.
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Base rate

What's the base rate?
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Stock Market

A place where shares of publicly listed companies are traded.
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Maturity value

What's the maturity value of a bond?
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W-8BEN Form

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

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.
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DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.
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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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Xetra

A trading venue operated by the Frankfurt Stock Exchange.
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