Withholding Tax

A tax deduction made at the source of the payment.

A tax deduction made at the source of the payment.

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Costs and Charges

The money you pay when investing.
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Zero coupon bonds

What is a zero coupon bond?
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Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).
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Dirty price

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

An exchange-traded fund that is comprised of a set of stocks.
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Clean price

The quoted price of a gilt, which excludes accrued interest
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Gross Margin

The difference between a company's revenue and the cost to produce its goods/services, divided by revenue.
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Maturity date

The date on which a gilt is redeemed and the gilt holder receives the repayment of the nominal amount and final dividend or coupon payment.
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Professional Client

An investor that is able to meet several regulatory criteria.
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