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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

Find our what a SPAc or special purpose acquisition company is.

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

Learn what a custodian bank is.

A set of standards which investors use to present their investment results.

The highest, or lowest, price a share has traded at in a passing year.

A method of trading using borrowed money that usually involves a very high level of risk.

The period after an IPO when insiders have to sit on their hands and can’t sell their shares.

The quoted price of a gilt, which excludes accrued interest