What is 'yield'? Definition & meaning

More terms

Maturity value

What's the maturity value of a bond?

SPAC

Find our what a SPAc or special purpose acquisition company is.

Gilt

What is a gilt?

index-linked gilts

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.

Zero coupon bonds

What is a zero coupon bond?

Clean price

The quoted price of a gilt, which excludes accrued interest

Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.

Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.

Accounting standards

The rules a company follows when preparing financial statements.

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Yield