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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

Bed & ISA

Understand what Bed and ISA is and how it works

Know Your Customer (KYC)

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.

Maturity value

What's the maturity value of a bond?

Quantitative easing

Find out what quantitative easing is and how central banks use this monetary measure to encourage economic growth.

Gilt

What is a gilt?

Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.

Exchange-Traded Fund (ETF)

A collection of investments, pooled into a single fund that can be bought and sold on a stock exchange.

OEIC

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

United States Dollar (USD)

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

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