Running yield

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

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Bed & ISA

Understand what Bed and ISA is and how it works
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Value stocks

Stocks in companies that aren’t necessarily growing fast, but instead are dependable and stable.
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Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.
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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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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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Zero-Sum Game

A situation in which one person's gain is another's loss.
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SPAC

Find our what a SPAc or special purpose acquisition company is.
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Clean price

The quoted price of a gilt, which excludes accrued interest
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Over-The-Counter (OTC)

A security that is sold outside of an exchange.
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