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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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.
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Oligopoly

A situation in which a market or industry is controlled by a small group of companies.
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Conditional dealing

Trading in new shares before they’re officially admitted to the exchange, on the condition that admission goes ahead.
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Collective investment scheme

Learn what's a collective investment scheme
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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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Account balance

The amount of money a user has stored in a financial repository.
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ESG investing

ESG is a hot topic right now for investors. Understand what ESG investing is all about and how you can use it to diversify your portfolio.
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Spot Rate

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