Dictionary
/
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

Fixed Income

An investment that provides a fixed rate of return, often over a specific set of time.
Read more

Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.
Read more

DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.
Read more

United States Dollar (USD)

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

Unicorn

A startup valued at over £1 billion. They are rare, hence the name.
Read more

Withholding Tax

A tax deduction made at the source of the payment.
Read more

Oligopoly

A situation in which a market or industry is controlled by a small group of companies.
Read more

Value stocks

Stocks in companies that aren’t necessarily growing fast, but instead are dependable and stable.
Read more

Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.
Read more

You’re just minutes away from commission-free investing

open an isa
When you invest, your capital is at risk

Freetrade is your gateway to commission-free investing. Join over 1.6 million users using the Best online trading platform, as voted at the British Bank Awards for six years running.

Accounts
Customer Support
Resources
Company
Important information

Freetrade does not provide investment advice and individual investors should make their own decisions or seek professional advice. The value of investments can go down as well as up and you may receive back less than your original investment. Freetrade is a trading name of Freetrade Limited, which is a member firm of the London Stock Exchange and is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales (no. 09797821).

© 2025 Freetrade, All rights reserved. The Apple logo is a trademark of Apple Inc. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.

Follow us on