Clean price

The quoted price of a gilt, which excludes accrued interest

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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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After-hours trading

Trading outside of a stock exchange's opening hours.
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Growth stocks

These are stocks in companies that are considered to be “growing”. These companies may be delivering new products and services, or entering new markets.
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Stock Market

A place where shares of publicly listed companies are traded.
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Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.
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Conventional gilts

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).
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Bull market

We explain what a 'bull market' means
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DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.
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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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