Time Value of Money

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

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

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Base rate

What's the base rate?
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Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.
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Equity

The amount of money a company would be left with by subtracting its liabilities from the value of its assets.
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Account balance

The amount of money a user has stored in a financial repository.
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Interest Rate

The amount a lender charges for lending your money, or a borrower pays you for borrowing your money.
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Accrued interest

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
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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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DMO

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.
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Packaged Retail and Insurance-based Investment Product (PRIIP)

An investment where, regardless of its legal form, the amount repayable to the retail investor is subject to fluctuations.
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