Inflation

The increase in the prices of goods and services over time, and the process by which money loses its value.

The increase in the prices of goods and services over time, and the process by which money loses its value.

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52-week high/low

The highest, or lowest, price a share has traded at in a passing year.
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OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.
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Volatility

A measure of how much the prices of an asset or index vary over time.
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Clean price

The quoted price of a gilt, which excludes accrued interest
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Profit and Loss Statement (P&L)

A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.
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Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt
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Equity

The amount of money a company would be left with by subtracting its liabilities from the value of its assets.
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Ponzi Scheme

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

What's the maturity value of a bond?
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