Gross Margin

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

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

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Conventional gilts

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).
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Withholding Tax

A tax deduction made at the source of the payment.
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Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.
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Over-The-Counter (OTC)

A security that is sold outside of an exchange.
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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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Fundamentals

The data or information that is likely to impact a company's stock price.
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Diversification

An investment strategy in which money is put into a variety assets.
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Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.
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Securities

Bonds and stocks.
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