What is an 'Exchange-Traded Fund (ETF)'? Definition & meaning

More terms

Wall Street

A street in New York that became a figure of speech for the financial markets of the US.

United States Dollar (USD)

The famous greenback our friends in the US use as currency.

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).

Costs and Charges

The money you pay when investing.

Equity ETF

An exchange-traded fund that is comprised of a set of stocks.

NYSE

The world's largest stock exchange. Wall St HQ.

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.

Capital

Learn what financial capital means

Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt

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Exchange-Traded Fund (ETF)