Clean price

The quoted price of a gilt, which excludes accrued interest

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Junk Bond

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

Learn what a margin call stands for in financial terms.
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OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.
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Investment Trust

A company that pools money together from multiple investors and then invests it.
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Custodian bank

Learn what a custodian bank is.
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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.
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Running yield

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

A method of trading using borrowed money that usually involves a very high level of risk.
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