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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Net Income (NI)

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

A summary of a company's finances, including its assets, liabilities and shareholder equity.
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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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Securities

Bonds and stocks.
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NYSE

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

An investment strategy in which money is put into a variety assets.
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UK Treasury bill

A debt instrument issued by the UK government with a maturity of less than one year.
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Yield to maturity (YTM)

What is yield to maturity and why is it useful?
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Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.
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