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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Zero coupon bonds

What is a zero coupon bond?
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S&P 500

Find out what is the definition of the S&P 500 index.
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Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.
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index-linked gilts

Gilts where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI). This is as opposed to a conventional gilt, where the dividends and principal repayments are fixed in nominal terms.
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OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.
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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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Costs and Charges

The money you pay when investing.
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Account balance

The amount of money a user has stored in a financial repository.
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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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