What are 'costs and charges'? Definition & meaning

More terms

Conventional gilts

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).

Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.

Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.

Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.

Balance sheet

A summary of a company's finances, including its assets, liabilities and shareholder equity.

Ponzi Scheme

A form of fraud designed to lure new investors, and pays the earlier backers by using the new investors' money.

Custodian bank

Learn what a custodian bank is.

Securities

Bonds and stocks.

Year to Date (YTD)

A period of time that starts with the first day of the current calendar year and ends with today.

Costs and Charges