Dictionary
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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.

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Unicorn

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

The amount of money a company would be left with by subtracting its liabilities from the value of its assets.
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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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Spot Rate

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

A debt instrument issued by the UK government with a maturity of less than one year.
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Global Investment Performance Standards (GIPS)

A set of standards which investors use to present their investment results.
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Bed & ISA

Understand what Bed and ISA is and how it works
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Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.
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Bond

Learn what a bond is
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