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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Running yield

The annual interest payment (dividend) divided by the current market price of a bond.
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Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.
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Rate of Return

Profit on an investment, expressed as a percentage of the investment.
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Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.
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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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Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.
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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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Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.
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Capital

Learn what financial capital means
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