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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After-hours trading

Trading outside of a stock exchange's opening hours.
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Geometric Mean Return

A way of calculating compound returns on an investment or savings over a set period of time.
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Running yield

The annual interest payment (dividend) divided by the current market price of a bond.
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Net Income (NI)

The money a firm is left with from sales after subtracting taxes and different business costs.
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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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Zero coupon bonds

What is a zero coupon bond?
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Fixed Income

An investment that provides a fixed rate of return, often over a specific set of time.
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Stock Exchange

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