Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.

More terms

W-8BEN Form

Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.
Read more

Oligopoly

A situation in which a market or industry is controlled by a small group of companies.
Read more

Professional Client

An investor that is able to meet several regulatory criteria.
Read more

Depository

We look at what is a depository and what role they play in keeping markets work.
Read more

Net Income (NI)

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

Custodian bank

Learn what a custodian bank is.
Read more

Balance sheet

A summary of a company's finances, including its assets, liabilities and shareholder equity.
Read more

Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.
Read more

Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.
Read more

You’re just minutes away from commission-free investing

When you invest, your capital is at risk