What are 'costs and charges'? Definition & meaning

More terms

UK Treasury bill

A debt instrument issued by the UK government with a maturity of less than one year.

Net Asset Value (NAV)

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

Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt

Unicorn

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

Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.

Venture Capital

A type of financing that investors provide to startups, who sometimes announce getting said financing in TechCrunch, to big fanfare.

Clean price

The quoted price of a gilt, which excludes accrued interest

Global Investment Performance Standards (GIPS)

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

Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.

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Costs and Charges