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.
Read more

Yield curve

A graphical representation of interest rates over time
Read more

NASDAQ

A US stock exchange specialising in the shares of technology companies.
Read more

Zero-Sum Game

A situation in which one person's gain is another's loss.
Read more

Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.
Read more

Balance sheet

A summary of a company's finances, including its assets, liabilities and shareholder equity.
Read more

Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
Read more

Annualised Rate of Return

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

Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.
Read more

You're just minutes away from commission-free investing

Capital at risk. Other charges may apply.