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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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Coupon

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.
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Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.
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Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.
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Rate of Return

Profit on an investment, expressed as a percentage of the investment.
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Real Estate Investment Trust (REIT)

An investment trust specialised in investing in commercial property such as parking garages or GP offices.
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Capital

Learn what financial capital means
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Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.
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Withholding Tax

A tax deduction made at the source of the payment.
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Balance sheet

A summary of a company's finances, including its assets, liabilities and shareholder equity.
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