Time Value of Money

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.

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

A document issued by an investment fund to help investors determine if it's the right fund for them.

Profit on an investment, expressed as a percentage of the investment.

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).

Bonds and stocks.

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

The quoted price of a gilt, which excludes accrued interest