Clean price

The quoted price of a gilt, which excludes accrued interest

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Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.
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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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Oligopoly

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

Investment funds that are often associated with riskier and shorter-term trading strategies.
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American Depository Receipts (ADRs)

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.
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Yield to maturity (YTM)

What is yield to maturity and why is it useful?
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Yield curve

A graphical representation of interest rates over time
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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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Hypothesis Testing

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