Dictionary
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Clean price

Clean price

The quoted price of a gilt, which excludes accrued interest

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Base rate

What's the base rate?
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Investment Trust

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

A measure of how much the prices of an asset or index vary over time.
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Oligopoly

A situation in which a market or industry is controlled by a small group of companies.
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Coupon

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.
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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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Earnings per share

We look at what earnings per share mean and how to calculate it
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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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Global Investment Performance Standards (GIPS)

A set of standards which investors use to present their investment results.
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