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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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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Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.
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Diversification

An investment strategy in which money is put into a variety assets.
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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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Global Investment Performance Standards (GIPS)

A set of standards which investors use to present their investment results.
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Annualised Rate of Return

The average annual return an investor sees over a set period of time.
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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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Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.
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Rate of Return

Profit on an investment, expressed as a percentage of the investment.
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