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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.

More terms

Over-The-Counter (OTC)

A security that is sold outside of an exchange.
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Capital

Learn what financial capital means
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Stock Exchange

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

The currency exchange rate a bank quotes, valid with immediate effect.
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Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.
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Year to Date (YTD)

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

A tax deduction made at the source of the payment.
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Yield

Income from an investment as a percentage of its current price.
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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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