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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Professional Client

An investor that is able to meet several regulatory criteria.
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OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.
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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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Unicorn

A startup valued at over £1 billion. They are rare, hence the name.
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Bull market

We explain what a 'bull market' means
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Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.
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Xetra

A trading venue operated by the Frankfurt Stock Exchange.
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DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.
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Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.
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