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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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A place where shares of publicly listed companies are traded.
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UK Treasury bill

A debt instrument issued by the UK government with a maturity of less than one year.
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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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A US stock exchange specialising in the shares of technology companies.
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United States Dollar (USD)

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