Clean price

The quoted price of a gilt, which excludes accrued interest

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S&P 500

Find out what is the definition of the S&P 500 index.
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Oligopoly

A situation in which a market or industry is controlled by a small group of companies.
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index-linked gilts

Gilts where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI). This is as opposed to a conventional gilt, where the dividends and principal repayments are fixed in nominal terms.
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Fixed Income

An investment that provides a fixed rate of return, often over a specific set of time.
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Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.
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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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Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.
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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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Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.
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