Dictionary
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Clean price

Clean price

The quoted price of a gilt, which excludes accrued interest

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Limit order

Learn what a limit order is and how to use it to make the most of your portfolio.
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Conventional gilts

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).
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United States Dollar (USD)

The famous greenback our friends in the US use as currency.
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Professional Client

An investor that is able to meet several regulatory criteria.
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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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Alpha

The percentage by which an investor outperforms a relevant benchmark.
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Zero-Sum Game

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

Unique to the UK, these funds pool together money to invest from multiple investors.
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Yield curve

A graphical representation of interest rates over time
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