Dictionary
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Clean price

Clean price

The quoted price of a gilt, which excludes accrued interest

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Yield curve

A graphical representation of interest rates over time
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Zero coupon bonds

What is a zero coupon bond?
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Global Investment Performance Standards (GIPS)

A set of standards which investors use to present their investment results.
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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
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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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Key Information Document (KID)

A document issued by an investment fund to help investors determine if it's the right fund for them.
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Investment Return

The amount of money made or lost from an investment. Usually expressed as a percentage.
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Net Asset Value (NAV)

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

The amount of money a company would be left with by subtracting its liabilities from the value of its assets.
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