Clean price

The quoted price of a gilt, which excludes accrued interest

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Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.
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Professional Client

An investor that is able to meet several regulatory criteria.
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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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Compound interest

Understand what compound interest means and how it's calculated
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Gilt

What is a gilt?
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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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Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.
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NYSE

The world's largest stock exchange. Wall St HQ.
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Maturity date

The date on which a gilt is redeemed and the gilt holder receives the repayment of the nominal amount and final dividend or coupon payment.
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