Money laundering

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

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

More terms

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).

Inflation

The increase in the prices of goods and services over time, and the process by which money loses its value.

Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.

W-8BEN Form

Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.

Interest Rate

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

Maturity value

What's the maturity value of a bond?

Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt

Costs and Charges

The money you pay when investing.

Profit and Loss Statement (P&L)

A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.

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