Dictionary
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DMO

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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Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.
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Limit order

Learn what a limit order is and how to use it to make the most of your portfolio.
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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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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.
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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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OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.
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Gilt

What is a gilt?
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Junk Bond

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

A graphical representation of interest rates over time
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