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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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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W-8BEN Form

Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.
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Limit order

Learn what a limit order is and how to use it to make the most of your portfolio.
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Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.
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Hedge Fund

Investment funds that are often associated with riskier and shorter-term trading strategies.
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Investment Trust

A company that pools money together from multiple investors and then invests it.
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Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.
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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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Alpha

The percentage by which an investor outperforms a relevant benchmark.
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