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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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Professional Client

An investor that is able to meet several regulatory criteria.
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Bond

Learn what a bond is
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Volatility

A measure of how much the prices of an asset or index vary over time.
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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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Internal Rate of Return (IRR)

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

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.
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Withholding Tax

A tax deduction made at the source of the payment.
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Yield to maturity (YTM)

What is yield to maturity and why is it useful?
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Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).
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