/

Coupon

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.

More terms

Over-The-Counter (OTC)

A security that is sold outside of an exchange.

Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.

Fundamentals

The data or information that is likely to impact a company's stock price.

Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.

Annualised Rate of Return

The average annual return an investor sees over a set period of time.

Value stocks

Stocks in companies that aren’t necessarily growing fast, but instead are dependable and stable.

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.

Year to Date (YTD)

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

Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.

You’re just minutes away from commission-free investing

When you invest, your capital is at risk

Freetrade does not provide investment advice and individual investors should make their own decisions or seek professional advice. The value of investments can go down as well as up and you may receive back less than your original investment. Freetrade is a trading name of Freetrade Limited, which is a member firm of the London Stock Exchange and is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales (no. 09797821).

© 2025 Freetrade, All rights reserved. The Apple logo is a trademark of Apple Inc. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.