Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.

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Spot Rate

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

The moment new shares are officially admitted to the stock exchange and open to trading for everyone.
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Alpha

The percentage by which an investor outperforms a relevant benchmark.
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Running yield

The annual interest payment (dividend) divided by the current market price of a bond.
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Quick ratio

Learn what quick ratio stands for in financial terms and how to calculate it.
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Money weighted rate of return

Learn what Money Weighted Rate of Return or MWRR stands for in finance.
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American Depository Receipts (ADRs)

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.
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Margin call

Learn what a margin call stands for in financial terms.
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Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.
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