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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.

More terms

Clean price

The quoted price of a gilt, which excludes accrued interest

Bond

Learn what a bond is

Gross Margin

The difference between a company's revenue and the cost to produce its goods/services, divided by revenue.

Unicorn

A startup valued at over £1 billion. They are rare, hence the name.

Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.

Costs and Charges

The money you pay when investing.

Balance sheet

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

Investment Return

The amount of money made or lost from an investment. Usually expressed as a percentage.

Net Asset Value (NAV)

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

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