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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Time Value of Money

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

A place where shares of publicly listed companies are traded.
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Base rate

What's the base rate?
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Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.
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Yield to maturity (YTM)

What is yield to maturity and why is it useful?
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Growth stocks

These are stocks in companies that are considered to be “growing”. These companies may be delivering new products and services, or entering new markets.
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Nominal amount

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.
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Interest Rate

The amount a lender charges for lending your money, or a borrower pays you for borrowing your money.
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Total Return

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