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Dirty price

Dirty price

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

More terms

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.

Forward pricing

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.

Leverage

A method of trading using borrowed money that usually involves a very high level of risk.

Base rate

What's the base rate?

S&P 500

Find out what is the definition of the S&P 500 index.

Year to Date (YTD)

A period of time that starts with the first day of the current calendar year and ends with today.

Time Value of Money

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

Yield curve

A graphical representation of interest rates over time

Spot Rate

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

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