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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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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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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Net Income (NI)

The money a firm is left with from sales after subtracting taxes and different business costs.
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Yield curve

A graphical representation of interest rates over time
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Yield to maturity

What is yield to maturity and why is it useful?
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Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.
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Internal Rate of Return (IRR)

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

Profit on an investment, expressed as a percentage of the investment.
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Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.
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