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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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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United States Dollar (USD)

The famous greenback our friends in the US use as currency.
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Maturity value

What's the maturity value of a bond?
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Investment Trust

A company that pools money together from multiple investors and then invests it.
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Running yield

The annual interest payment (dividend) divided by the current market price of a bond.
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Stock Market

A place where shares of publicly listed companies are traded.
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Clean price

The quoted price of a gilt, which excludes accrued interest
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Real Estate Investment Trust (REIT)

An investment trust specialised in investing in commercial property such as parking garages or GP offices.
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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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