Clean price

The quoted price of a gilt, which excludes accrued interest

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American Depository Receipts (ADRs)

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.
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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.
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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.
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Accounting standards

The rules a company follows when preparing financial statements.
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Maturity value

What's the maturity value of a bond?
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Income statement

A summary of a company's income and expenses over a set period of time.
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Net Income (NI)

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

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