Risk Warning: CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage.
Approximately 80% of retail client accounts lose money when trading in CFDs and spread bets.
You should consider whether you understand how CFDs and spread bets work and whether you can afford to take the high risk of losing your money.

Tangible assets

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05/03/2026

Physical assets such as property, machinery, or inventory that hold measurable value.

Unborrowable stock

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05/03/2026

A stock that cannot be borrowed for short selling due to limited supply.

Unit

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05/03/2026

A bundle of assets sold as one investment, often used in unit trusts.

Unit trust

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05/03/2026

A fund pooling investor money to manage a diversified portfolio of stocks, bonds, and other assets.

Undervaluation

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05/03/2026

A condition where an asset’s market price is believed to be below its intrinsic value.

US_2000

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05/03/2026

A stock market index representing 2,000 small-cap US companies.

Rights issue

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05/03/2026

Allows existing shareholders to buy additional shares at a discount before public offering.

Weighted Average Price (WAP)

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05/03/2026

Another name for VWAP — the average trading price weighted by volume.

Witching hour

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05/03/2026

The final trading hour when options and futures expire, often causing high volatility.

Yield on cost

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05/03/2026

The annual income from an investment divided by its original purchase price.