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What is yield to maturity and why is it useful?

The percentage by which an investor outperforms a relevant benchmark.

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.

Trading in new shares before they’re officially admitted to the exchange, on the condition that admission goes ahead.

The money you pay when investing.

Listing a company on a stock exchange, or the shares that are genuinely up for grabs once it’s there.

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

Find our what a SPAc or special purpose acquisition company is.

The period after an IPO when insiders have to sit on their hands and can’t sell their shares.