Dictionary
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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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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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Running yield

The annual interest payment (dividend) divided by the current market price of a bond.
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Base rate

What's the base rate?
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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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United States Dollar (USD)

The famous greenback our friends in the US use as currency.
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Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.
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Equity ETF

An exchange-traded fund that is comprised of a set of stocks.
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Conventional gilts

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).
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