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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Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.
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Conventional gilts

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).
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Quick ratio

Learn what quick ratio stands for in financial terms and how to calculate it.
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Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.
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Inflation

The increase in the prices of goods and services over time, and the process by which money loses its value.
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Maturity date

The date on which a gilt is redeemed and the gilt holder receives the repayment of the nominal amount and final dividend or coupon payment.
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Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.
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Xetra

A trading venue operated by the Frankfurt Stock Exchange.
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Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.
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