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

52-week high/low

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

SPAC

Find our what a SPAc or special purpose acquisition company is.
Read more

Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.
Read more

Securities

Bonds and stocks.
Read more

Wall Street

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

Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.
Read more

OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.
Read more

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

Inflation

The increase in the prices of goods and services over time, and the process by which money loses its value.
Read more

You're just minutes away from commission-free investing

Capital at risk. Other charges may apply.