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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.

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American Depository Receipts (ADRs)

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

The percentage by which an investor outperforms a relevant benchmark.
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Hypothesis Testing

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

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

Bonds and stocks.
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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.
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LSE

London Stock Exchange, which was founded in 1571 and now has a market cap of almost $5 trillion.
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Running yield

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