Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.

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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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Oligopoly

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

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

What is a gilt?
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Base rate

What's the base rate?
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SPAC

Find our what a SPAc or special purpose acquisition company is.
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Internal Rate of Return (IRR)

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

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