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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NYSE

The world's largest stock exchange. Wall St HQ.
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Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt
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Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).
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Unicorn

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

A trading venue operated by the Frankfurt Stock Exchange.
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Professional Client

An investor that is able to meet several regulatory criteria.
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Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.
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Base rate

What's the base rate?
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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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