Securities

The art of buying shares which trade below their value, according to the analysis of the value investor.

Learn what quick ratio stands for in financial terms and how to calculate it.

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.

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt

A form of fraud designed to lure new investors, and pays the earlier backers by using the new investors' money.

A situation in which a market or industry is controlled by a small group of companies.

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

Mutual funds and investment trusts are priced on their net asset value (NAV).

Learn what financial capital means