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.

More terms

Over-The-Counter (OTC)

A security that is sold outside of an exchange.

Investment Trust

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

Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.

Volatility

A measure of how much the prices of an asset or index vary over time.

LSE

London Stock Exchange, which was founded in 1571 and now has a market cap of almost $5 trillion.

Equity

The amount of money a company would be left with by subtracting its liabilities from the value of its assets.

Zero coupon bonds

What is a zero coupon bond?

Growth stocks

These are stocks in companies that are considered to be “growing”. These companies may be delivering new products and services, or entering new markets.

Junk Bond

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

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