Finance
Clear and detailed explanations of ownership, investing, private capital and financial terminology. Written so that a beginner can understand the subject without losing the important details.
Finance explained properly
Finance can sound more complicated than it really is. This section explains each topic from the beginning, defines the important words and answers the questions that naturally follow. Every guide is designed to be useful to children, students, new investors and adults who simply want a clearer explanation.
Explore finance
Nominee Shares
Understand why one person or organisation may appear on a company's shareholder register while another person receives the real financial benefit from the shares.
Convertible Loan Note
Learn how an investment can begin as a loan and later convert into shares, including interest, discounts, valuation caps, maturity dates, risks and investor rights.
Building the library
Ordinary Shares
Basic company ownership, voting rights, dividends and the risks attached to owning shares.
Preference Shares
Shares that may carry special rights relating to payments, voting, conversion or the sale of a company.
Cap Tables
How companies record ownership and calculate the effect of new shares, options and convertible investments.
Pre-emption Rights
The rights that may allow existing shareholders to buy new shares before they are offered to somebody else.
Company Valuation
The difference between price, value, pre-money valuation, post-money valuation and ownership percentage.
Equity Crowdfunding
How businesses raise investment from a large number of people through online platforms.
Bonds
How governments and companies borrow money from investors and agree to pay interest over time.
Exchange Traded Funds
How one investment can provide exposure to a group of companies, bonds, commodities or other assets.