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Clean price

Clean price

The quoted price of a gilt, which excludes accrued interest

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Equity

The amount of money a company would be left with by subtracting its liabilities from the value of its assets.
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Unicorn

A startup valued at over £1 billion. They are rare, hence the name.
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Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.
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Bond

Learn what a bond is
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Earnings per share

We look at what earnings per share mean and how to calculate it
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Balance sheet

A summary of a company's finances, including its assets, liabilities and shareholder equity.
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Running yield

The annual interest payment (dividend) divided by the current market price of a bond.
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Nominal amount

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.
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Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.
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