Zero-Sum Game

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

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

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Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.
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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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Base rate

What's the base rate?
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Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.
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Year to Date (YTD)

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

The rules a company follows when preparing financial statements.
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Interest Rate

The amount a lender charges for lending your money, or a borrower pays you for borrowing your money.
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Balance sheet

A summary of a company's finances, including its assets, liabilities and shareholder equity.
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Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.
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