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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Direct listing

Going public without the traditional IPO. Existing shares, straight onto the exchange, no new money raised.
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S&P 500

Find out what is the definition of the S&P 500 index.
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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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Beta

Learn what Beta stands for in finance.
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Bull market

We explain what a 'bull market' means
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Inflation

The increase in the prices of goods and services over time, and the process by which money loses its value.
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Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).
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Diversification

An investment strategy in which money is put into a variety assets.
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Securities

Bonds and stocks.
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