Clean price

The art of buying shares which trade below their value, according to the analysis of the value investor.

Bonds and stocks.

The concept that money you have now is more valuable than the same sum in the future.

Understand what Bed and ISA is and how it works

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).

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

A debt instrument issued by the UK government with a maturity of less than one year.

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

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