Clean price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.

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

What is a gilt?

The amount of money made or lost from an investment. Usually expressed as a percentage.

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

Trading outside of a stock exchange's opening hours.

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

The value of a company's assets relative to the number of shares it has.

A place where shares of publicly listed companies are traded.