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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Bond

Learn what a bond is
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Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.
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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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Bookbuilding

How banks work out what investors will pay for shares before an IPO, one order at a time.
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Ponzi Scheme

A form of fraud designed to lure new investors, and pays the earlier backers by using the new investors' money.
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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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Gilt

What is a gilt?
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LSE

London Stock Exchange, which was founded in 1571 and now has a market cap of almost $5 trillion.
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Yield to maturity (YTM)

What is yield to maturity and why is it useful?
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