Xetra

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

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

The concept that money you have now is more valuable than the same sum in the future.

A tax deduction made at the source of the payment.

What is a zero coupon bond?

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

Learn what quick ratio stands for in financial terms and how to calculate it.

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.

The increase in the prices of goods and services over time, and the process by which money loses its value.