Clean price

The quoted price of a gilt, which excludes accrued interest

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Professional Client

An investor that is able to meet several regulatory criteria.
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Maturity value

What's the maturity value of a bond?
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Year to Date (YTD)

A period of time that starts with the first day of the current calendar year and ends with today.
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Investment Return

The amount of money made or lost from an investment. Usually expressed as a percentage.
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Ponzi Scheme

A form of fraud designed to lure new investors, and pays the earlier backers by using the new investors' money.
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Time-Weighted Rate of Return (TWRR)

A return calculated over the time period invested, that excludes extraneous elements, such as deposits to and withdrawals from the investment accounted.
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Oligopoly

A situation in which a market or industry is controlled by a small group of companies.
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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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Hedge Fund

Investment funds that are often associated with riskier and shorter-term trading strategies.
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