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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SPAC

Find our what a SPAc or special purpose acquisition company is.
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Over-The-Counter (OTC)

A security that is sold outside of an exchange.
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Clean price

The quoted price of a gilt, which excludes accrued interest
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Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.
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Exchange-Traded Fund (ETF)

A collection of investments, pooled into a single fund that can be bought and sold on a stock exchange.
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Maturity value

What's the maturity value of a bond?
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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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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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Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.
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