Tag Archives: Guide to City Jargon
The British Business Angels Association
The British Business Angels Association (“BBAA”) is a trade association representing UK business angel networks, associates and affiliates. Business Angels invest in business startup companies. These are the same sorts of business that venture capitalists invest in but Angels invest their own money, unlike venture capitalists, who manage the pooled money of others in a [...]
Full StoryWhat is Venture Capital?
The term Venture Capital refers to an investment made in a new or nearly new company either to get it off the ground (known as seed funding) or to provide capital for growth – surprisingly known as growth funding). Venture capital investments are usually made in cash in exchange for shares in the invested company [...]
Full StoryWhat is Sovereign Debt?
In recent weeks the term Sovereign Debt has been bandied about by the media leaving many people puzzled as what it actually is. What it isn’t is money owed by a King or Queen of a country – Republics do have Sovereign Debt; you don’t need a Monarch! Joking aside, in simple terms Sovereign Debt [...]
Full StoryHM Treasury
This is the UK government department, headed by the Chancellor of the Exchequer, which is responsible for managing the country’s public revenues. In recent years it hasn’t had the best of records (despite many ill-informed commentators promoting Gordon Brown as a “prudent” chancellor – HAH!!!) as can clearly be seen by anyone who looks at [...]
Full StoryFriendly Society
A Friendly Society is incorporated under the Friendly Societies Act 1974 or under the Friendly Societies Act 1992 or any subsequent act replacing or amending these acts. Friendly Societies are voluntary mutual organisations whose main purpose is to financially assist their members, or their members’ families, during sickness, unemployment or retirement and to provide life [...]
Full StoryFree Float
This refers to shares in a public company which are freely available for purchase or trade by the general public. Although a company may be designated a Public Limited Company unless it is listed on a recognised stock exchange its shares may not be in “free float” and even if it is publicly listed the [...]
Full StoryOpen-End Funds
One of the most common questions we receive asks for a definition of an open-end fund and a definition of a closed-end fund. An open-end fund is a collective investment scheme that can issue and redeem shares according to market demand. Therefore unlike a closed-end fund, where the number of shares in issue is fixed [...]
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