Dictionary
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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.

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Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.
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S&P 500

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

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.
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Profit and Loss Statement (P&L)

A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.
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Equity ETF

An exchange-traded fund that is comprised of a set of stocks.
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Holding Period Return

The amount of money generated by an asset during the time that it was held by an investor..
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DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.
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NASDAQ

A US stock exchange specialising in the shares of technology companies.
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Technical Analysis

Examining price movements of shares and other assets, and trying to predict how they will move in the future.
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