Clean price

The quoted price of a gilt, which excludes accrued interest

More terms

Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.
Read more

Key Information Document (KID)

A document issued by an investment fund to help investors determine if it's the right fund for them.
Read more

Custodian bank

Learn what a custodian bank is.
Read more

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.
Read more

Equity ETF

An exchange-traded fund that is comprised of a set of stocks.
Read more

Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
Read more

Venture Capital

A type of financing that investors provide to startups, who sometimes announce getting said financing in TechCrunch, to big fanfare.
Read more

Depository

We look at what is a depository and what role they play in keeping markets work.
Read more

Forward pricing

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.
Read more

You’re just minutes away from commission-free investing

When you invest, your capital is at risk