Clean price

The quoted price of a gilt, which excludes accrued interest

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Real Estate Investment Trust (REIT)

An investment trust specialised in investing in commercial property such as parking garages or GP offices.
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Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.
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Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt
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Global Investment Performance Standards (GIPS)

A set of standards which investors use to present their investment results.
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Xetra

A trading venue operated by the Frankfurt Stock Exchange.
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Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.
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Profit and Loss Statement (P&L)

A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.
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Conventional gilts

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).
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Yield

Income from an investment as a percentage of its current price.
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