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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DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.
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Inflation

The increase in the prices of goods and services over time, and the process by which money loses its value.
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Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.
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Balance sheet

A summary of a company's finances, including its assets, liabilities and shareholder equity.
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Bond

Learn what a bond is
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Maturity date

The date on which a gilt is redeemed and the gilt holder receives the repayment of the nominal amount and final dividend or coupon payment.
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Gross Margin

The difference between a company's revenue and the cost to produce its goods/services, divided by revenue.
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Forward pricing

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.
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