Dictionary
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Clean price

Clean price

The quoted price of a gilt, which excludes accrued interest

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Oligopoly

A situation in which a market or industry is controlled by a small group of companies.
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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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Bond

Learn what a bond is
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American Depository Receipts (ADRs)

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.
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Zero coupon bonds

What is a zero coupon bond?
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Quantitative easing

Find out what quantitative easing is and how central banks use this monetary measure to encourage economic growth.
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Zero-Sum Game

A situation in which one person's gain is another's loss.
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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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Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).
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