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Running yield

Running yield

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

More terms

Bed & ISA

Understand what Bed and ISA is and how it works

Value stocks

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

Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.

Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.

Inflation

The increase in the prices of goods and services over time, and the process by which money loses its value.

Zero-Sum Game

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

SPAC

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

Clean price

The quoted price of a gilt, which excludes accrued interest

Over-The-Counter (OTC)

A security that is sold outside of an exchange.

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