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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Yield to maturity (YTM)

What is yield to maturity and why is it useful?
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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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Equity ETF

An exchange-traded fund that is comprised of a set of stocks.
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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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Exchange-Traded Fund (ETF)

A collection of investments, pooled into a single fund that can be bought and sold on a stock exchange.
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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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Holding Period Return

The amount of money generated by an asset during the time that it was held by an investor..
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Xetra

A trading venue operated by the Frankfurt Stock Exchange.
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Forward pricing

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.
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