Year to Date (YTD)

A period of time that starts with the first day of the current calendar year and ends with today.

A period of time that starts with the first day of the current calendar year and ends with today.

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Zero coupon bonds

What is a zero coupon bond?
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Geometric Mean Return

A way of calculating compound returns on an investment or savings over a set period of time.
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Oligopoly

A situation in which a market or industry is controlled by a small group of companies.
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Clean price

The quoted price of a gilt, which excludes accrued interest
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American Depository Receipts (ADRs)

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.
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Inflation

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

An investment strategy in which money is put into a variety assets.
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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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Fundamentals

The data or information that is likely to impact a company's stock price.
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