Fundamentals

The value of a company's assets relative to the number of shares it has.

The amount a lender charges for lending your money, or a borrower pays you for borrowing your money.

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.

Going public without the traditional IPO. Existing shares, straight onto the exchange, no new money raised.

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.

A security that is sold outside of an exchange.

Listing a company on a stock exchange, or the shares that are genuinely up for grabs once it’s there.

A situation in which one person's gain is another's loss.

A document issued by an investment fund to help investors determine if it's the right fund for them.