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A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.

Understand what Bed and ISA is and how it works

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

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).

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The currency exchange rate a bank quotes, valid with immediate effect.

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.

Stocks in companies that aren’t necessarily growing fast, but instead are dependable and stable.

The concept that money you have now is more valuable than the same sum in the future.