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Dictionary
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Clean price
Clean price
The quoted price of a gilt, which excludes accrued interest
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Net Asset Value (NAV)
The value of a company's assets relative to the number of shares it has.
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Key Information Document (KID)
A document issued by an investment fund to help investors determine if it's the right fund for them.
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Custodian bank
Learn what a custodian bank is.
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DMO
The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.
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Equity ETF
An exchange-traded fund that is comprised of a set of stocks.
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Stock Exchange
A physical/digital place where stockbrokers and traders can buy and sell securities.
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Venture Capital
A type of financing that investors provide to startups, who sometimes announce getting said financing in TechCrunch, to big fanfare.
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Depository
We look at what is a depository and what role they play in keeping markets work.
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Forward pricing
Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.
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