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Dictionary
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Running yield
Running yield
The annual interest payment (dividend) divided by the current market price of a bond.
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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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Hypothesis Testing
A mathematical test used to determine whether a claim is true or false.
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Net Income (NI)
The money a firm is left with from sales after subtracting taxes and different business costs.
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Year to Date (YTD)
A period of time that starts with the first day of the current calendar year and ends with today.
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Compound interest
Understand what compound interest means and how it's calculated
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Unit Trusts
A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.
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Maturity date
The date on which a gilt is redeemed and the gilt holder receives the repayment of the nominal amount and final dividend or coupon payment.
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Investment Trust
A company that pools money together from multiple investors and then invests it.
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Collective investment scheme
Learn what's a collective investment scheme
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