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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Venture Capital

A type of financing that investors provide to startups, who sometimes announce getting said financing in TechCrunch, to big fanfare.
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Unicorn

A startup valued at over £1 billion. They are rare, hence the name.
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Zero coupon bonds

What is a zero coupon bond?
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Time-Weighted Rate of Return (TWRR)

A return calculated over the time period invested, that excludes extraneous elements, such as deposits to and withdrawals from the investment accounted.
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Equity

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

A tax deduction made at the source of the payment.
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Clean price

The quoted price of a gilt, which excludes accrued interest
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Volatility

A measure of how much the prices of an asset or index vary over time.
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Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.
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