This is the price at which a market-maker in the stockmarket is prepared to buy shares from existing holders. This term is also used to refer to the price at which a fund management company will sell units in a unit trust or similar pooled investment. The other price is referred to as the 'Offer price' or the price at which a fund management company will buy units in a unit trust or similar pooled investment.

This is the income you receive as a shareholder from a company. When you buy an ordinary share in a company, you become a shareholder (an owner of the business) and to that extent you will have certain entitlements including the right to receive dividend payments as set by the board of directors and approved by the shareholders.

States the aims of a given fund and the type of assets in which it invests to look to achieve those aims.

The price at which a fund management company will buy units in a unit trust or similar pooled investment.

Pooling

Assets from a range of investors are 'pooled' in the same fund, for example a pension fund, which has a certain Investment Objective.

The product structure through which an ISA holding achieves its tax-free benefits.