Conventional gilt

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).

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Unicorn

A startup valued at over £1 billion. They are rare, hence the name.
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Quick ratio

Learn what quick ratio stands for in financial terms and how to calculate it.
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Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.
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Net Income (NI)

The money a firm is left with from sales after subtracting taxes and different business costs.
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NYSE

The world's largest stock exchange. Wall St HQ.
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SPAC

Find our what a SPAc or special purpose acquisition company is.
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Running yield

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

The currency exchange rate a bank quotes, valid with immediate effect.
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Income statement

A summary of a company's income and expenses over a set period of time.
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