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.

Browse the glossary using this index

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N

Net asset value

A way of measuring investment trusts. Take the total number of its assets minus its liabilities.

NIESR

National Institute of Economic and Social Research.

Nominal interest rate

An interest rate that isn’t adjusted for inflation.

Nominal values

These values do not take inflation into account.

Non-executive director

This is a director who helps the company and offers an independent view on strategies and performance but is not actively involved in the day-to-day running.

O

Offshore account

Funds which are managed outside of the UK.

Oligopoly

A market where only a few firms control the percentage of total sales.

Operating expenditure (OPEX).

On-going costs for running a business, service or system that includes day-to-day expenditure such as sales and administration. Compare with capital expenditure, which is money spent on fixed assets or extensions to already-owned fixed assets. A photocopier, for example, would involve capital expenditure whereas toner and paper for the photocopier would be operating expenditure.

Operating profit/loss

The profit or loss a company makes. These figures reflect how the business is performing.

Ordinary share

Also known as common shares, this is one unit of a businesses share capital.