Financial jargon explained

Here you’ll find a simple explanation of some of the most commonly used investment terms. If there is any other financial jargon you want translated, please call our Customer Service Team free on 0800 597 2525 or email us at and they will be pleased to help.




A tradable security that offers the owner the right to purchase the Shares of a company at a fixed date, usually at a fixed price.

Wrap or Wrap Account

A wrap account is a single account held by an investor or on behalf of an investor on a platform, which encompasses all the investments held by that investor and which may include Individual Savings Accounts (ISAs) and personal pensions.

Typically, a wrap fee is levied on the total value of those investments. See also ‘platform and Fund supermarket’.


A tax-efficient vehicle such as an Individual Savings Account (ISA) or personal pension, within which investments in Funds and other assets may be held.