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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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Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.
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Stock Market

A place where shares of publicly listed companies are traded.
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Time-Weighted Rate of Return (TWRR)

A return calculated over the time period invested, that excludes extraneous elements, such as deposits to and withdrawals from the investment accounted.
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Equity

The amount of money a company would be left with by subtracting its liabilities from the value of its assets.
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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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Professional Client

An investor that is able to meet several regulatory criteria.
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Inflation

The increase in the prices of goods and services over time, and the process by which money loses its value.
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Withholding Tax

A tax deduction made at the source of the payment.
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Unicorn

A startup valued at over £1 billion. They are rare, hence the name.
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