Dictionary
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Spot Rate

Spot Rate

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

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

More terms

Wall Street

A street in New York that became a figure of speech for the financial markets of the US.
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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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Geometric Mean Return

A way of calculating compound returns on an investment or savings over a set period of time.
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Value Investing

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

The concept that money you have now is more valuable than the same sum in the future.
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Forward pricing

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.
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Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.
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Maturity value

What's the maturity value of a bond?
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Unicorn

A startup valued at over £1 billion. They are rare, hence the name.
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