Over-The-Counter (OTC)

A security that is sold outside of an exchange.

A security that is sold outside of an exchange.

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Accounting standards

The rules a company follows when preparing financial statements.
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Maturity date

The date on which a gilt is redeemed and the gilt holder receives the repayment of the nominal amount and final dividend or coupon payment.
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Clean price

The quoted price of a gilt, which excludes accrued interest
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Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.
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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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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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Stock Market

A place where shares of publicly listed companies are traded.
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Spot Rate

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

Find out what quantitative easing is and how central banks use this monetary measure to encourage economic growth.
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