What is 'XETRA'? Definition & meaning

More terms

Know Your Customer (KYC)

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.

Securities

Bonds and stocks.

Annualised Rate of Return

The average annual return an investor sees over a set period of time.

Investment Trust

A company that pools money together from multiple investors and then invests it.

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).

Over-The-Counter (OTC)

A security that is sold outside of an exchange.

Compound interest

Understand what compound interest means and how it's calculated

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.

Stock Market

A place where shares of publicly listed companies are traded.

Xetra