Clean price

The quoted price of a gilt, which excludes accrued interest

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Coupon

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.
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Gilt

What is a gilt?
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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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Oligopoly

A situation in which a market or industry is controlled by a small group of companies.
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Value stocks

Stocks in companies that aren’t necessarily growing fast, but instead are dependable and stable.
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Inflation

The increase in the prices of goods and services over time, and the process by which money loses its value.
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Packaged Retail and Insurance-based Investment Product (PRIIP)

An investment where, regardless of its legal form, the amount repayable to the retail investor is subject to fluctuations.
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NASDAQ

A US stock exchange specialising in the shares of technology companies.
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Yield to maturity

What is yield to maturity and why is it useful?
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