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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

American Depository Receipts (ADRs)

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.

Hedge Fund

Investment funds that are often associated with riskier and shorter-term trading strategies.

Bull market

We explain what a 'bull market' means

W-8BEN Form

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

Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.

Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.

Quick ratio

Learn what quick ratio stands for in financial terms and how to calculate it.

Custodian bank

Learn what a custodian bank is.

Professional Client

An investor that is able to meet several regulatory criteria.

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