Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

countercyclical stocks
Stocks whose market value moves in the opposite direction to economic trends. Normally refers to stocks that rise when the economy weakens, for instance because there is constant demand for these companies' goods or services (e.g. food, medicine) or because the economic downturn actually increases demand for particular products (e.g. temporary help firms).