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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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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Base rate

What's the base rate?
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Alpha

The percentage by which an investor outperforms a relevant benchmark.
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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.
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Balance sheet

A summary of a company's finances, including its assets, liabilities and shareholder equity.
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Exchange-Traded Fund (ETF)

A collection of investments, pooled into a single fund that can be bought and sold on a stock exchange.
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Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.
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Stock Market

A place where shares of publicly listed companies are traded.
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