Global Investment Performance Standards (GIPS)

A mathematical test used to determine whether a claim is true or false.

A graphical representation of interest rates over time

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.

A startup valued at over £1 billion. They are rare, hence the name.

Learn what a bond is

The difference between a company's revenue and the cost to produce its goods/services, divided by revenue.

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

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

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.