Key Information Document (KID)

A document issued by an investment fund to help investors determine if it's the right fund for them.

A document issued by an investment fund to help investors determine if it's the right fund for them.

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Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.
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Withholding Tax

A tax deduction made at the source of the payment.
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Wall Street

A street in New York that became a figure of speech for the financial markets of the US.
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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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Over-The-Counter (OTC)

A security that is sold outside of an exchange.
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Bull market

We explain what a 'bull market' means
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Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.
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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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Margin call

Learn what a margin call stands for in financial terms.
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