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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Internal Rate of Return (IRR)

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

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

When a private company sells shares to the public for the first time. Its stock market debut, basically.
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Formal admission

The moment new shares are officially admitted to the stock exchange and open to trading for everyone.
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Net Income (NI)

The money a firm is left with from sales after subtracting taxes and different business costs.
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Capital

Learn what financial capital means
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Direct listing

Going public without the traditional IPO. Existing shares, straight onto the exchange, no new money raised.
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Yield curve

A graphical representation of interest rates over time
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