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Maturity date

Maturity date

The date on which a gilt is redeemed and the gilt holder receives the repayment of the nominal amount and final dividend or coupon payment.

More terms

Dirty price

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

Diversification

An investment strategy in which money is put into a variety assets.

Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.

Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.

Oligopoly

A situation in which a market or industry is controlled by a small group of companies.

NYSE

The world's largest stock exchange. Wall St HQ.

Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.

Over-The-Counter (OTC)

A security that is sold outside of an exchange.

Running yield

The annual interest payment (dividend) divided by the current market price of a bond.

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