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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UK Treasury bill

A debt instrument issued by the UK government with a maturity of less than one year.
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S&P 500

Find out what is the definition of the S&P 500 index.
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Quantitative easing

Find out what quantitative easing is and how central banks use this monetary measure to encourage economic growth.
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Withholding Tax

A tax deduction made at the source of the payment.
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Custodian bank

Learn what a custodian bank is.
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Unicorn

A startup valued at over £1 billion. They are rare, hence the name.
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Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.
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Account balance

The amount of money a user has stored in a financial repository.
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Internal Rate of Return (IRR)

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