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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LSE

London Stock Exchange, which was founded in 1571 and now has a market cap of almost $5 trillion.
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Oligopoly

A situation in which a market or industry is controlled by a small group of companies.
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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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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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Zero-Sum Game

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

Learn what's a collective investment scheme
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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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Global Investment Performance Standards (GIPS)

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