An increase in the value of invested capital. Investment in fixed-interest securities or bonds provides income but limited capital growth (which may be improved in index-linked gilt-edged securities). To have a chance of making substantial capital growth it is necessary to invest in equities (see ordinary share), the value of which should increase more rapidly than inflation. Investing in equities is thus said to be a hedge against inflation.

See:

growth stocks.

• euromarket
• Euronext NV
• euronote
• European Agricultural Guidance and Guarantee Fund
• European Bank for Reconstruction and Development
• European Central Bank
• European Commission
• European Community
• European Currency Unit
• European Development Fund
• European Economic Area
• European Economic Community
• European Financial Reporting Advisory Group
• European Free Trade Association
• European Investment Bank
• European Monetary Agreement
• European Monetary Cooperation Fund
• European Monetary Institute
• European Monetary System
• European Monetary Union
• European option
• European Options Exchange
• European Payments Union
• European Regional Development Fund
• European terms