Coupon

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.

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Yield to maturity (YTM)

What is yield to maturity and why is it useful?
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Costs and Charges

The money you pay when investing.
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Securities

Bonds and stocks.
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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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Unicorn

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

Profit on an investment, expressed as a percentage of the investment.
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OEIC

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

What's the maturity value of a bond?
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