Dictionary
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Clean price

Clean price

The quoted price of a gilt, which excludes accrued interest

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Unicorn

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

The difference between a company's revenue and the cost to produce its goods/services, divided by revenue.
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NYSE

The world's largest stock exchange. Wall St HQ.
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52-week high/low

The highest, or lowest, price a share has traded at in a passing year.
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Ponzi Scheme

A form of fraud designed to lure new investors, and pays the earlier backers by using the new investors' money.
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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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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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Clean price

The quoted price of a gilt, which excludes accrued interest
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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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