Clean price

The quoted price of a gilt, which excludes accrued interest

More terms

Depository

We look at what is a depository and what role they play in keeping markets work.
Read more

Global Investment Performance Standards (GIPS)

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

Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.
Read more

Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
Read more

Annualised Rate of Return

The average annual return an investor sees over a set period of time.
Read more

Equity

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

Leverage

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

Maturity value

What's the maturity value of a bond?
Read more

Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.
Read more

You’re just minutes away from commission-free investing

When you invest, your capital is at risk