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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LSE

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

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.
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After-hours trading

Trading outside of a stock exchange's opening hours.
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Inflation

The increase in the prices of goods and services over time, and the process by which money loses its value.
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Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.
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Capital

Learn what financial capital means
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Year to Date (YTD)

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

An ETF that that reproduces the return of an index through the use of swaps.
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Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.
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