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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Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.
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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.
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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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Yield

Income from an investment as a percentage of its current price.
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Know Your Customer (KYC)

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.
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Conventional gilts

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).
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Key Information Document (KID)

A document issued by an investment fund to help investors determine if it's the right fund for them.
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Total Return

This is the measurement of a fund’s performance in a specific period.
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52-week high/low

The highest, or lowest, price a share has traded at in a passing year.
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