What is a 'coupon'? Definition & meaning

More terms

S&P 500

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

Depository

We look at what is a depository and what role they play in keeping markets work.

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

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.

Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.

Xetra

A trading venue operated by the Frankfurt Stock Exchange.

Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.

Zero-Sum Game

A situation in which one person's gain is another's loss.

Spot Rate

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

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