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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Quantitative easing

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

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

A physical/digital place where stockbrokers and traders can buy and sell securities.
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Volatility

A measure of how much the prices of an asset or index vary over time.
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Clean price

The quoted price of a gilt, which excludes accrued interest
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Net Income (NI)

The money a firm is left with from sales after subtracting taxes and different business costs.
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LSE

London Stock Exchange, which was founded in 1571 and now has a market cap of almost $5 trillion.
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Total Return

This is the measurement of a fund’s performance in a specific period.
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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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