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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Free Trade

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

Listing a company on a stock exchange, or the shares that are genuinely up for grabs once it’s there.
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Fixed Income

An investment that provides a fixed rate of return, often over a specific set of time.
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Yield to maturity (YTM)

What is yield to maturity and why is it useful?
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Value Investing

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

The quoted price of a gilt, which excludes accrued interest
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Dividends

Find out what dividends are and how they can contribute to the growth of your investment portfolio.
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Maturity date

The date on which a gilt is redeemed and the gilt holder receives the repayment of the nominal amount and final dividend or coupon payment.
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IPO

When a private company sells shares to the public for the first time. Its stock market debut, basically.
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