Clean price

The quoted price of a gilt, which excludes accrued interest

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Custodian bank

Learn what a custodian bank is.
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Limit order

Learn what a limit order is and how to use it to make the most of your portfolio.
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Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.
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Hedge Fund

Investment funds that are often associated with riskier and shorter-term trading strategies.
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Know Your Customer (KYC)

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.
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Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.
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Bookbuilding

How banks work out what investors will pay for shares before an IPO, one order at a time.
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Equity

The amount of money a company would be left with by subtracting its liabilities from the value of its assets.
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After-hours trading

Trading outside of a stock exchange's opening hours.
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