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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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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Income statement

A summary of a company's income and expenses over a set period of time.
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Base rate

What's the base rate?
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Investment Trust

A company that pools money together from multiple investors and then invests it.
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Collective investment scheme

Learn what's a collective investment scheme
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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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Capital

Learn what financial capital means
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Annualised Rate of Return

The average annual return an investor sees over a set period of time.
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