NYSE

The world's largest stock exchange. Wall St HQ.

The world's largest stock exchange. Wall St HQ.

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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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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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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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Yield to maturity (YTM)

What is yield to maturity and why is it useful?
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Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.
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Profit and Loss Statement (P&L)

A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.
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Rate of Return

Profit on an investment, expressed as a percentage of the 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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Conventional gilts

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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