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Glossary Finance & Markets

Market capitalisation

Share price multiplied by shares outstanding: what the market says a company is worth in total. It is a valuation, not a measure of cash on hand.

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Proof of work

A method of securing a blockchain by requiring real computing effort to add blocks. It is…

Tariff

A tax on imported goods. It is paid by the importer, not the exporting country, and…

Hallucination

When an AI model states something false with the same confidence as something true. It is…

Phishing

Tricking someone into handing over credentials or money by impersonating a trusted sender. Still the most…

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