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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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Balance sheet

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

A mathematical test used to determine whether a claim is true or false.
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Bull market

We explain what a 'bull market' means
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Net asset value

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

The value of a company's assets relative to the number of shares it has.
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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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Know Your Customer (KYC)

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.
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Over-The-Counter (OTC)

A security that is sold outside of an exchange.
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United States Dollar (USD)

The famous greenback our friends in the US use as currency.
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