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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