Clean price

The quoted price of a gilt, which excludes accrued interest

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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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index-linked gilts

Gilts where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI). This is as opposed to a conventional gilt, where the dividends and principal repayments are fixed in nominal terms.
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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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Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.
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Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.
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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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Yield curve

A graphical representation of interest rates over time
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Stock Market

A place where shares of publicly listed companies are traded.
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Unicorn

A startup valued at over £1 billion. They are rare, hence the name.
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