Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.

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Coupon

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.
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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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Ponzi Scheme

A form of fraud designed to lure new investors, and pays the earlier backers by using the new investors' money.
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Professional Client

An investor that is able to meet several regulatory criteria.
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Clean price

The quoted price of a gilt, which excludes accrued interest
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Bull market

We explain what a 'bull market' means
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Income statement

A summary of a company's income and expenses over a set period of time.
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Compound interest

Understand what compound interest means and how it's calculated
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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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