Dictionary
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Nominal amount

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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Money laundering

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

Understand what compound interest means and how it's calculated
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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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Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.
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Gilt

What is a gilt?
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Depository

We look at what is a depository and what role they play in keeping markets work.
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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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Hypothesis Testing

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