What is the 'clean price'? Definition & meaning

More terms

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ESG investing

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Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt

Running yield

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

Depository

We look at what is a depository and what role they play in keeping markets work.

Yield to maturity (YTM)

What is yield to maturity and why is it useful?

Maturity date

The date on which a gilt is redeemed and the gilt holder receives the repayment of the nominal amount and final dividend or coupon payment.

Venture Capital

A type of financing that investors provide to startups, who sometimes announce getting said financing in TechCrunch, to big fanfare.

Coupon

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.

Clean price