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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Zero-Sum Game

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

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt
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Time-Weighted Rate of Return (TWRR)

A return calculated over the time period invested, that excludes extraneous elements, such as deposits to and withdrawals from the investment accounted.
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Rate of Return

Profit on an investment, expressed as a percentage of the investment.
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Bond

Learn what a bond is
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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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Zero coupon bonds

What is a zero coupon bond?
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Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.
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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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