What is 'Over-The-Counter (OTC)'? Definition & meaning

More terms

Coupon

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.

Margin call

Learn what a margin call stands for in financial terms.

Bull market

We explain what a 'bull market' means

Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt

Unicorn

A startup valued at over £1 billion. They are rare, hence the name.

OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.

Geometric Mean Return

A way of calculating compound returns on an investment or savings over a set period of time.

Net Income (NI)

The money a firm is left with from sales after subtracting taxes and different business costs.

Bond

Learn what a bond is

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Over-The-Counter (OTC)