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Glossary Finance & Markets

Yield

The income an investment returns, expressed as a percentage of its price. Bond yields move inversely to bond prices, which is why falling yields mean a rally.

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Market capitalisation

Share price multiplied by shares outstanding: what the market says a company is worth in total.…

Mining

Competing to add the next block to a proof-of-work blockchain by burning computing power on a…

Central bank

The institution that sets a currency's interest rates and oversees the banking system, such as the…

Encryption

Encoding data so only someone with the right key can read it. End-to-end encryption means the…

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