Unicorn

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

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

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Investment Trust

A company that pools money together from multiple investors and then invests it.
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Yield curve

A graphical representation of interest rates over time
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Bull market

We explain what a 'bull market' means
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Stock Market

A place where shares of publicly listed companies are traded.
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Conventional gilts

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).
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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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Running yield

The annual interest payment (dividend) divided by the current market price of a bond.
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NYSE

The world's largest stock exchange. Wall St HQ.
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United States Dollar (USD)

The famous greenback our friends in the US use as currency.
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