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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

More terms

OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.

Diversification

An investment strategy in which money is put into a variety assets.

Yield curve

A graphical representation of interest rates over time

UK Treasury bill

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

Alpha

The percentage by which an investor outperforms a relevant benchmark.

W-8BEN Form

Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.

Balance sheet

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

Maturity date

The date on which a gilt is redeemed and the gilt holder receives the repayment of the nominal amount and final dividend or coupon payment.

Maturity value

What's the maturity value of a bond?

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