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Conventional gilts

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).

More terms

After-hours trading

Trading outside of a stock exchange's opening hours.

Global Investment Performance Standards (GIPS)

A set of standards which investors use to present their investment results.

Running yield

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

Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.

Zero-Sum Game

A situation in which one person's gain is another's loss.

Key Information Document (KID)

A document issued by an investment fund to help investors determine if it's the right fund for them.

Interest Rate

The amount a lender charges for lending your money, or a borrower pays you for borrowing your money.

Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.

Junk Bond

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

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