Dictionary
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Stock Exchange

Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.

A physical/digital place where stockbrokers and traders can buy and sell securities.

More terms

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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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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Stock Market

A place where shares of publicly listed companies are traded.
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Unicorn

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

Learn what a custodian bank is.
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Global Investment Performance Standards (GIPS)

A set of standards which investors use to present their investment results.
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index-linked gilts

Gilts where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI). This is as opposed to a conventional gilt, where the dividends and principal repayments are fixed in nominal terms.
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Annualised Rate of Return

The average annual return an investor sees over a set period of time.
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