Conventional gilts

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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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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Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.
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Year to Date (YTD)

A period of time that starts with the first day of the current calendar year and ends with today.
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Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.
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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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Investment Trust

A company that pools money together from multiple investors and then invests it.
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Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.
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Costs and Charges

The money you pay when investing.
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SPAC

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