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Clean price

Clean price

The quoted price of a gilt, which excludes accrued interest

More terms

Securities

Bonds and stocks.

NASDAQ

A US stock exchange specialising in the shares of technology companies.

Key Information Document (KID)

A document issued by an investment fund to help investors determine if it's the right fund for them.

Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.

Unicorn

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

Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.

Hypothesis Testing

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

Exchange-Traded Fund (ETF)

A collection of investments, pooled into a single fund that can be bought and sold on a stock exchange.

Zero-Sum Game

A situation in which one person's gain is another's loss.

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