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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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.
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Profit and Loss Statement (P&L)

A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.
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S&P 500

Find out what is the definition of the S&P 500 index.
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Collective investment scheme

Learn what's a collective investment scheme
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Equity

The amount of money a company would be left with by subtracting its liabilities from the value of its assets.
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Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.
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Venture Capital

A type of financing that investors provide to startups, who sometimes announce getting said financing in TechCrunch, to big fanfare.
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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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