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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Withholding Tax

A tax deduction made at the source of the payment.
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Alpha

The percentage by which an investor outperforms a relevant benchmark.
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Bond

Learn what a bond is
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Key Information Document (KID)

A document issued by an investment fund to help investors determine if it's the right fund for them.
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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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index-linked gilts

Gilts where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI). This is as opposed to a conventional gilt, where the dividends and principal repayments are fixed in nominal terms.
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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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Geometric Mean Return

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