Clean price

The quoted price of a gilt, which excludes accrued interest

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UK Treasury bill

A debt instrument issued by the UK government with a maturity of less than one year.
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LSE

London Stock Exchange, which was founded in 1571 and now has a market cap of almost $5 trillion.
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Bed & ISA

Understand what Bed and ISA is and how it works
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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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S&P 500

Find out what is the definition of the S&P 500 index.
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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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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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Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).
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Alpha

The percentage by which an investor outperforms a relevant benchmark.
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