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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Fixed Income

An investment that provides a fixed rate of return, often over a specific set of time.
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Zero coupon bonds

What is a zero coupon bond?
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Income statement

A summary of a company's income and expenses over a set period of time.
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Hedge Fund

Investment funds that are often associated with riskier and shorter-term trading strategies.
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Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.
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Unicorn

A startup valued at over £1 billion. They are rare, hence the name.
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Annualised Rate of Return

The average annual return an investor sees over a set period of time.
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Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.
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Wall Street

A street in New York that became a figure of speech for the financial markets of the US.
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