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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Year to Date (YTD)

A period of time that starts with the first day of the current calendar year and ends with today.
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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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Income statement

A summary of a company's income and expenses over a set period of time.
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Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.
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United States Dollar (USD)

The famous greenback our friends in the US use as currency.
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Clean price

The quoted price of a gilt, which excludes accrued interest
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Balance sheet

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

Understand what Bed and ISA is and how it works
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