Profit and Loss Statement (P&L)

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

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

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Xetra

A trading venue operated by the Frankfurt Stock Exchange.
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Professional Client

An investor that is able to meet several regulatory criteria.
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Hedge Fund

Investment funds that are often associated with riskier and shorter-term trading strategies.
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Running yield

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

The increase in the prices of goods and services over time, and the process by which money loses its value.
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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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Venture Capital

A type of financing that investors provide to startups, who sometimes announce getting said financing in TechCrunch, to big fanfare.
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LSE

London Stock Exchange, which was founded in 1571 and now has a market cap of almost $5 trillion.
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