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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Withholding Tax

A tax deduction made at the source of the payment.
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Exchange-Traded Fund (ETF)

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

What is a zero coupon bond?
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Yield curve

A graphical representation of interest rates over time
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Wall Street

A street in New York that became a figure of speech for the financial markets of the US.
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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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Net Income (NI)

The money a firm is left with from sales after subtracting taxes and different business costs.
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Securities

Bonds and stocks.
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OEIC

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