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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Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.
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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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S&P 500

Find out what is the definition of the S&P 500 index.
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Geometric Mean Return

A way of calculating compound returns on an investment or savings over a set period of time.
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Free Trade

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

A measure of how much the prices of an asset or index vary over time.
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DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.
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Alpha

The percentage by which an investor outperforms a relevant benchmark.
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Rate of Return

Profit on an investment, expressed as a percentage of the investment.
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