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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Gross Margin

The difference between a company's revenue and the cost to produce its goods/services, divided by revenue.
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Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.
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Volatility

A measure of how much the prices of an asset or index vary over time.
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Holding Period Return

The amount of money generated by an asset during the time that it was held by an investor..
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Total Return

This is the measurement of a fund’s performance in a specific period.
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Conditional dealing

Trading in new shares before they’re officially admitted to the exchange, on the condition that admission goes ahead.
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Professional Client

An investor that is able to meet several regulatory criteria.
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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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Packaged Retail and Insurance-based Investment Product (PRIIP)

An investment where, regardless of its legal form, the amount repayable to the retail investor is subject to fluctuations.
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