Equity

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

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

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UK Treasury bill

A debt instrument issued by the UK government with a maturity of less than one year.
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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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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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Oligopoly

A situation in which a market or industry is controlled by a small group of companies.
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Clean price

The quoted price of a gilt, which excludes accrued interest
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Earnings per share

We look at what earnings per share mean and how to calculate it
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Depository

We look at what is a depository and what role they play in keeping markets work.
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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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After-hours trading

Trading outside of a stock exchange's opening hours.
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