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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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Investment Trust

A company that pools money together from multiple investors and then invests it.
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Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.
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Holding Period Return

The amount of money generated by an asset during the time that it was held by an investor..
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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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Maturity value

What's the maturity value of a bond?
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Xetra

A trading venue operated by the Frankfurt Stock Exchange.
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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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Real Estate Investment Trust (REIT)

An investment trust specialised in investing in commercial property such as parking garages or GP offices.
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Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.
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