Dirty price

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

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.

What is a gilt?

A period of time that starts with the first day of the current calendar year and ends with today.

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

We explain what a 'bull market' means

Going public without the traditional IPO. Existing shares, straight onto the exchange, no new money raised.

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.

A situation in which one person's gain is another's loss.