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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.

More terms

Ponzi Scheme

A form of fraud designed to lure new investors, and pays the earlier backers by using the new investors' money.

Xetra

A trading venue operated by the Frankfurt Stock Exchange.

Investment Trust

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

Clean price

The quoted price of a gilt, which excludes accrued interest

Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.

Over-The-Counter (OTC)

A security that is sold outside of an exchange.

Total Return

This is the measurement of a fund’s performance in a specific period.

Fixed Income

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

Zero coupon bonds

What is a zero coupon bond?

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