Dictionary
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Dirty price

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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Account balance

The amount of money a user has stored in a financial repository.
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Limit order

Learn what a limit order is and how to use it to make the most of your portfolio.
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Yield

Income from an investment as a percentage of its current price.
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United States Dollar (USD)

The famous greenback our friends in the US use as currency.
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Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.
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Annualised Rate of Return

The average annual return an investor sees over a set period of time.
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Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.
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Coupon

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.
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Running yield

The annual interest payment (dividend) divided by the current market price of a bond.
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