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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American Depository Receipts (ADRs)

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.
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Net asset value

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

What is a zero coupon bond?
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Value stocks

Stocks in companies that aren’t necessarily growing fast, but instead are dependable and stable.
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Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.
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Custodian bank

Learn what a custodian bank is.
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Income statement

A summary of a company's income and expenses over a set period of time.
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Running yield

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

A situation in which a market or industry is controlled by a small group of companies.
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