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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Volatility

A measure of how much the prices of an asset or index vary over time.
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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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Income statement

A summary of a company's income and expenses over a set period of time.
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Costs and Charges

The money you pay when investing.
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Accounting standards

The rules a company follows when preparing financial statements.
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Total Return

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

A startup valued at over £1 billion. They are rare, hence the name.
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Conventional gilts

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).
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Ponzi Scheme

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