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Volatility

Volatility

A measure of how much the prices of an asset or index vary over time.

A measure of how much the prices of an asset or index vary over time.

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Clean price

The quoted price of a gilt, which excludes accrued interest
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Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.
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Net Income (NI)

The money a firm is left with from sales after subtracting taxes and different business costs.
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Diversification

An investment strategy in which money is put into a variety assets.
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52-week high/low

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

A graphical representation of interest rates over time
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Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).
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Zero-Sum Game

A situation in which one person's gain is another's loss.
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