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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Year to Date (YTD)

A period of time that starts with the first day of the current calendar year and ends with today.
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Lock-up period

The period after an IPO when insiders have to sit on their hands and can’t sell their shares.
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S&P 500

Find out what is the definition of the S&P 500 index.
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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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Over-The-Counter (OTC)

A security that is sold outside of an exchange.
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Real Estate Investment Trust (REIT)

An investment trust specialised in investing in commercial property such as parking garages or GP offices.
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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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Margin call

Learn what a margin call stands for in financial terms.
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Time-Weighted Rate of Return (TWRR)

A return calculated over the time period invested, that excludes extraneous elements, such as deposits to and withdrawals from the investment accounted.
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