Course glossary
Here are some worlds which should be familiar for you till the end of the course, try to cover them when you will have free time.
Special | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | ALL
A |
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AnnuityThis is a type of insurance policy. Upon retirement a lump sum is paid into it and the insurance company then provide a regular income. | |
ArbitrageThe process by which a person or business takes advantage of the difference in price of a share or a currency. | |
AssetsProperty that has value owned by a company | |
AuditAn official inspection of a company’s, or individual’s, accounts. | |
B |
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B2BBusiness to business. | |
B2CBusiness to consumer | |
Balance sheetA ‘snapshot’ of a company’s assets, liabilities and capital at a particular point in time. | |
Base rateSet each month by the Bank of England, this is the country’s base rate of interest. This influences financial products and services when they set their own cost of borrowing. | |
BenchmarkingChecking your company’s standards by comparing them with certain criteria, e.g. a competitor’s activities. | |
Bid-offer spreadThe buying (offer) and selling (bid) price of shares, bonds or currency. The ‘spread’ is the difference between those two prices. | |