What is a 'unicorn'? Definition & meaning

More terms

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).

Bull market

We explain what a 'bull market' means

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.

Leverage

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

Value stocks

Stocks in companies that aren’t necessarily growing fast, but instead are dependable and stable.

Depository

We look at what is a depository and what role they play in keeping markets work.

Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.

Alpha

The percentage by which an investor outperforms a relevant benchmark.

Geometric Mean Return

A way of calculating compound returns on an investment or savings over a set period of time.

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Unicorn