Hypothesis Testing

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

A form of fraud designed to lure new investors, and pays the earlier backers by using the new investors' money.

The concept that money you have now is more valuable than the same sum in the future.

Mutual funds and investment trusts are priced on their net asset value (NAV).

A debt instrument issued by the UK government with a maturity of less than one year.

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 trading venue operated by the Frankfurt Stock Exchange.

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