Profit and Loss Statement (P&L)

The quoted price of a gilt, which excludes accrued interest

A graphical representation of interest rates over time

An investment that provides a fixed rate of return, often over a specific set of time.

Profit on an investment, expressed as a percentage of the investment.

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.

Understand what Bed and ISA is and how it works

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.

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