Dictionary
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Clean price

Clean price

The quoted price of a gilt, which excludes accrued interest

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Xetra

A trading venue operated by the Frankfurt Stock Exchange.
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Bond

Learn what a bond is
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Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.
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Investment Trust

A company that pools money together from multiple investors and then invests it.
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index-linked gilts

Gilts where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI). This is as opposed to a conventional gilt, where the dividends and principal repayments are fixed in nominal terms.
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Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.
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Maturity date

The date on which a gilt is redeemed and the gilt holder receives the repayment of the nominal amount and final dividend or coupon payment.
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Time Value of Money

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

Bonds and stocks.
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