The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.
The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.
More terms
Coupon
Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.
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).