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Clean price

Clean price

The quoted price of a gilt, which excludes accrued interest

More terms

Rate of Return

Profit on an investment, expressed as a percentage of the investment.

SPAC

Find our what a SPAc or special purpose acquisition company is.

Zero-Sum Game

A situation in which one person's gain is another's loss.

Professional Client

An investor that is able to meet several regulatory criteria.

Interest Rate

The amount a lender charges for lending your money, or a borrower pays you for borrowing your money.

Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.

Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.

Leverage

A method of trading using borrowed money that usually involves a very high level of risk.

Net Income (NI)

The money a firm is left with from sales after subtracting taxes and different business costs.

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