Fixed Income

An investment that provides a fixed rate of return, often over a specific set of time.

An investment that provides a fixed rate of return, often over a specific set of time.

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American Depository Receipts (ADRs)

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.
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Withholding Tax

A tax deduction made at the source of the payment.
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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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Equity

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

The quoted price of a gilt, which excludes accrued interest
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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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Wall Street

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

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