/

Junk Bond

Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.

More terms

Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.

NASDAQ

A US stock exchange specialising in the shares of technology companies.

Yield to maturity (YTM)

What is yield to maturity and why is it useful?

Xetra

A trading venue operated by the Frankfurt Stock Exchange.

Yield

Income from an investment as a percentage of its current price.

Earnings per share

We look at what earnings per share mean and how to calculate it

American Depository Receipts (ADRs)

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.

Clean price

The quoted price of a gilt, which excludes accrued interest

52-week high/low

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

You’re just minutes away from commission-free investing

When you invest, your capital is at risk

Freetrade does not provide investment advice and individual investors should make their own decisions or seek professional advice. The value of investments can go down as well as up and you may receive back less than your original investment. Freetrade is a trading name of Freetrade Limited, which is a member firm of the London Stock Exchange and is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales (no. 09797821).

© 2026 Freetrade, All rights reserved. The Apple logo is a trademark of Apple Inc. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.