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Glossary Finance & Markets

Dollar-cost averaging

Investing a fixed amount at regular intervals regardless of price. It removes the need to time the market and smooths the average price paid, at the cost of some upside in a steadily rising market.

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Central bank

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

Proof of work

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

Mining

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

Judicial review

A court examining whether a government decision was lawful. It tests the legality of how a…

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