Clean price

The quoted price of a gilt, which excludes accrued interest

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Volatility

A measure of how much the prices of an asset or index vary over time.
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Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.
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Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.
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Maturity value

What's the maturity value of a bond?
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Annualised Rate of Return

The average annual return an investor sees over a set period of time.
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Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.
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Holding Period Return

The amount of money generated by an asset during the time that it was held by an investor..
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Xetra

A trading venue operated by the Frankfurt Stock Exchange.
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Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.
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