DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.

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Total Return

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

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

Learn what a bond is
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S&P 500

Find out what is the definition of the S&P 500 index.
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Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.
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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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Bull market

We explain what a 'bull market' means
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