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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Custodian bank

Learn what a custodian bank is.
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Quantitative easing

Find out what quantitative easing is and how central banks use this monetary measure to encourage economic growth.
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Annualised Rate of Return

The average annual return an investor sees over a set period of time.
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Limit order

Learn what a limit order is and how to use it to make the most of your portfolio.
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Net Income (NI)

The money a firm is left with from sales after subtracting taxes and different business costs.
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Bed & ISA

Understand what Bed and ISA is and how it works
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Forward pricing

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.
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Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.
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Hypothesis Testing

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