Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt

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Inflation

The increase in the prices of goods and services over time, and the process by which money loses its value.
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Growth stocks

These are stocks in companies that are considered to be “growing”. These companies may be delivering new products and services, or entering new markets.
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UK Treasury bill

A debt instrument issued by the UK government with a maturity of less than one year.
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Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.
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Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.
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Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.
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Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.
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Real Estate Investment Trust (REIT)

An investment trust specialised in investing in commercial property such as parking garages or GP offices.
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Balance sheet

A summary of a company's finances, including its assets, liabilities and shareholder equity.
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