Key Information Document (KID)

What is a zero coupon bond?

Going public without the traditional IPO. Existing shares, straight onto the exchange, no new money raised.

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.

The currency exchange rate a bank quotes, valid with immediate effect.

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.

Listing a company on a stock exchange, or the shares that are genuinely up for grabs once it’s there.

An exchange-traded fund that is comprised of a set of stocks.

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

A mathematical test used to determine whether a claim is true or false.