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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Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.
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Hedge Fund

Investment funds that are often associated with riskier and shorter-term trading strategies.
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Bed & ISA

Understand what Bed and ISA is and how it works
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Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.
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S&P 500

Find out what is the definition of the S&P 500 index.
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Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt
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Investment Trust

A company that pools money together from multiple investors and then invests it.
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Withholding Tax

A tax deduction made at the source of the payment.
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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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