Maturity date

Unique to the UK, these funds pool together money to invest from multiple investors.

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.

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Mutual funds and investment trusts are priced on their net asset value (NAV).

A tax deduction made at the source of the payment.

Gilts where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI). This is as opposed to a conventional gilt, where the dividends and principal repayments are fixed in nominal terms.

The amount a lender charges for lending your money, or a borrower pays you for borrowing your money.

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

An investment trust specialised in investing in commercial property such as parking garages or GP offices.