Clean price

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.

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

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

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The concept that money you have now is more valuable than the same sum in the future.

ESG is a hot topic right now for investors. Understand what ESG investing is all about and how you can use it to diversify your portfolio.

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

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).

The amount a lender charges for lending your money, or a borrower pays you for borrowing your money.