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Retail Prices Index (RPI)

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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Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.
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Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.
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Yield to maturity (YTM)

What is yield to maturity and why is it useful?
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Investment Return

The amount of money made or lost from an investment. Usually expressed as a percentage.
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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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Hedge Fund

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

A method of trading using borrowed money that usually involves a very high level of risk.
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DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.
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