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

Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.
Read more

Maturity value

What's the maturity value of a bond?
Read more

Wall Street

A street in New York that became a figure of speech for the financial markets of the US.
Read more

NASDAQ

A US stock exchange specialising in the shares of technology companies.
Read more

Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.
Read more

Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).
Read more

Net Asset Value (NAV)

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

52-week high/low

The highest, or lowest, price a share has traded at in a passing year.
Read more

Interest Rate

The amount a lender charges for lending your money, or a borrower pays you for borrowing your money.
Read more

You’re just minutes away from commission-free investing

When you invest, your capital is at risk