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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Alpha

The percentage by which an investor outperforms a relevant benchmark.
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Bull market

We explain what a 'bull market' means
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Direct listing

Going public without the traditional IPO. Existing shares, straight onto the exchange, no new money raised.
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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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Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.
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Capital

Learn what financial capital means
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Float

Listing a company on a stock exchange, or the shares that are genuinely up for grabs once it’s there.
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Margin call

Learn what a margin call stands for in financial terms.
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Running yield

The annual interest payment (dividend) divided by the current market price of a bond.
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