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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

Time Value of Money

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

Yield curve

A graphical representation of interest rates over time

Value stocks

Stocks in companies that aren’t necessarily growing fast, but instead are dependable and stable.

Securities

Bonds and stocks.

Synthetic ETFs

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

Know Your Customer (KYC)

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.

Net Income (NI)

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

Zero coupon bonds

What is a zero coupon bond?

Diversification

An investment strategy in which money is put into a variety assets.

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