Currency that a government declares as legal tender but is not backed by a physical commodity. Its value derives from public confidence and government stability.

Business expenses that remain unchanged regardless of production or sales levels, including rent, contractual obligations, and licenses.

The execution of a trade order, either fully or partially, at a specified price.

The U.S. Federal Reserve committee responsible for setting monetary policy, including interest rates and money supply.

A portion of a whole share of stock, allowing investors to buy less than one unit and enabling diversification at any investment level.

Means the Financial Services and Markets Regulations 2015.

Means the Financial Services Regulatory Authority.

A standardized agreement to buy or sell an asset at a predetermined price on a future date, used for hedging and speculation.

A diversified investment fund traded on exchanges, offering access to multiple assets in one instrument.

The price at which one currency can be exchanged for another.