We’ve tried to keep our Get Started section straightforward and jargon free. But if you have stumbled across any new terms, you can find out exactly what they mean in our glossary.
Absolute Percentage Growth
Expresses the growth of a fund’s value as a percentage over the specified period. A negative figure would indicate a decline.
A page which details your cash balance and portfolio status.
Units in a unit trust which do not pay income to the investor but which instead redistribute dividend income from the underlying investments back into the capital value of the units.
Actively Managed Funds
Unlike index funds (see ‘index funds’) these are funds where the Manager uses his professional judgment to decide which funds to buy and sell, whilst seeking to out-perform the relevant benchmark.
The management charge made by your broker for looking after your nominee portfolio or account.
A person who is qualified to discuss your financial affairs in detail, listen to your needs and make appropriate recommendations.
Annual General Meeting. The meeting that a company normally holds with its shareholders after announcing its annual results to approve the accounts, re-appoint directors, auditors, etc.
The Alternative Investment Market. The London Stock Exchange's market for growing and smaller companies, created in 1995. It enables companies to attain a listing which is affordable and which does not require them to meet the stringent criteria for full quotation.
All or nothing
When placing a trade above normal market size via the personal telephone service you may be asked whether you want to trade 'all or nothing' or 'as many as possible'. All or nothing means that Barclays Stockbrokers will endeavour to trade your entire instruction and in the case that this is not possible your order will not be executed.
The number of shares received on application for a new issue or privatisation. This may be less than the number applied for, but will never be more.
Documents representing the right to buy new shares at a stated price in a rights issue, known as the 'call' (see below). It is sometimes possible to sell such shares in a nil-paid form, delivering the allotment letters to the buyer who then pays the call. You can also sell the shares fully-paid if you have paid the call.
Amount Available to Invest
This is the investment limit for your account, calculated using the Stock Value based on previous night closing prices, Current Cash Balance and any credit or debit which is currently within the settlement period. Any shortfall for purchases will be debited from your nominated bank account on the settlement date.
An expert in evaluating financial investments such as equities, bonds and Government stocks; undertaking investment research; and making recommendations to institutional and retail investors to buy, sell or hold. Most analysts specialise in a single industry or business sector.
Annual Management Charge (AMC)
This is the fee charged by the Fund Manager for managing the investment. The AMC can be either ‘bundled’ or ‘clean’ (see definitions of Bundled Share Class and Clean Share Class).
News or information relevant to the security
Annual Report & Accounts
A statement of the financial condition of the company and its activities over the past financial year, including Profit and Loss account, Balance Sheet, Notes and a Statement of Cash Flow. All PLCs are obliged to make these available to shareholders and they can be viewed on the company's website, or obtained by writing to the company's head office, or by calling Barclays Stockbrokers.
Annual Management Charge
A charge levied by the Fund Manager to cover the cost of investment management and administration, usually for unit trusts and OEICs.
An income guaranteed for life paid in return for handing over a lump sum. An annuity is bought at retirement by holders of most personal pension plans and members of money-purchase company schemes.
As Many as Possible
When placing a trade above normal market size via the personal telephone service you may be asked whether you want to trade 'all or nothing' or 'as many as possible'. As many as possible means that Barclays Stockbrokers will endeavour to trade as many as we can up to the amount you have specified.
The ask or asking price is the price for which the holder of the shares is willing to sell. The bid price is the opposite.
Different types of investments with varying degrees of risk, eg, cash, shares, gilts and bonds.
An order placed with a stockbroker to buy or sell shares at the best price in the market at the time of dealing for the number of shares being traded.
Refer to Limit Order.
Authorised Unit Trust
A unit trust scheme authorised by the Financial Conduct Authority (FCA) to operate in the UK.
Authority to Deal
Allowing someone other than yourself to invest on your behalf. This will require your written notification. You will need to complete additional documentation to do this.
This enables Barclays to trade via the electronic dealing links that exist between Barclays Stockbrokers and the Retail Service Providers (RSPs).