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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S&P 500

Find out what is the definition of the S&P 500 index.
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Xetra

A trading venue operated by the Frankfurt Stock Exchange.
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Over-The-Counter (OTC)

A security that is sold outside of an exchange.
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Unicorn

A startup valued at over £1 billion. They are rare, hence the name.
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index-linked gilts

Gilts where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI). This is as opposed to a conventional gilt, where the dividends and principal repayments are fixed in nominal terms.
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United States Dollar (USD)

The famous greenback our friends in the US use as currency.
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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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Investment Trust

A company that pools money together from multiple investors and then invests it.
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Beta

Learn what Beta stands for in finance.
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