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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Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.
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Wall Street

A street in New York that became a figure of speech for the financial markets of the US.
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Income statement

A summary of a company's income and expenses over a set period of time.
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Equity ETF

An exchange-traded fund that is comprised of a set of stocks.
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LSE

London Stock Exchange, which was founded in 1571 and now has a market cap of almost $5 trillion.
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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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Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of 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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Fixed Income

An investment that provides a fixed rate of return, often over a specific set of time.
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