Dirty price

The period after an IPO when insiders have to sit on their hands and can’t sell their shares.

The concept that money you have now is more valuable than the same sum in the future.

The rules a company follows when preparing financial statements.

A mathematical test used to determine whether a claim is true or false.

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.

The moment new shares are officially admitted to the stock exchange and open to trading for everyone.

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

The quoted price of a gilt, which excludes accrued interest

Going public without the traditional IPO. Existing shares, straight onto the exchange, no new money raised.