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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Lock-up period

The period after an IPO when insiders have to sit on their hands and can’t sell their shares.
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Depository

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

Income from an investment as a percentage of its current price.
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Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.
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UK Treasury bill

A debt instrument issued by the UK government with a maturity of less than one year.
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Exchange-Traded Fund (ETF)

A collection of investments, pooled into a single fund that can be bought and sold on a stock exchange.
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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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Quick ratio

Learn what quick ratio stands for in financial terms and how to calculate it.
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Bull market

We explain what a 'bull market' means
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