Dictionary
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Accrued interest

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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Costs and Charges

The money you pay when investing.
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Equity ETF

An exchange-traded fund that is comprised of a set of stocks.
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Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.
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Fixed Income

An investment that provides a fixed rate of return, often over a specific set of time.
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Wall Street

A street in New York that became a figure of speech for the financial markets of the US.
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Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.
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Geometric Mean Return

A way of calculating compound returns on an investment or savings over a set period of time.
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Stock Market

A place where shares of publicly listed companies are traded.
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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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