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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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Hedge Fund
Investment funds that are often associated with riskier and shorter-term trading strategies.
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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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Gross Margin
The difference between a company's revenue and the cost to produce its goods/services, divided by revenue.
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Holding Period Return
The amount of money generated by an asset during the time that it was held by an investor..
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SPAC
Find our what a SPAc or special purpose acquisition company is.
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Venture Capital Trust (VCT)
A listed company run by a fund manager, investing mainly in private companies.e.
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Securities
Bonds and stocks.
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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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Alpha
The percentage by which an investor outperforms a relevant benchmark.
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