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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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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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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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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Compound interest

Understand what compound interest means and how it's calculated
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Professional Client

An investor that is able to meet several regulatory criteria.
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Yield

Income from an investment as a percentage of its current price.
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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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Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.
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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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