/

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

Yield curve

A graphical representation of interest rates over time

Balance sheet

A summary of a company's finances, including its assets, liabilities and shareholder equity.

Volatility

A measure of how much the prices of an asset or index vary over time.

Internal Rate of Return (IRR)

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

Money weighted rate of return

Learn what Money Weighted Rate of Return or MWRR stands for in finance.

Junk Bond

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

W-8BEN Form

Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.

Spot Rate

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

52-week high/low

The highest, or lowest, price a share has traded at in a passing year.

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.