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Dictionary
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Clean price
Clean price
The quoted price of a gilt, which excludes accrued interest
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Beta
Learn what Beta stands for in finance.
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Profit and Loss Statement (P&L)
A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.
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Forward pricing
Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.
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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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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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W-8BEN Form
Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.
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Bed & ISA
Understand what Bed and ISA is and how it works
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S&P 500
Find out what is the definition of the S&P 500 index.
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Yield to maturity
What is yield to maturity and why is it useful?
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