Dictionary
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Clean price

Clean price

The quoted price of a gilt, which excludes accrued interest

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Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.
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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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Exchange-Traded Fund (ETF)

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

Learn what Beta stands for in finance.
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Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.
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Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.
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index-linked gilts

Gilts where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI). This is as opposed to a conventional gilt, where the dividends and principal repayments are fixed in nominal terms.
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Interest Rate

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