Glossary

Government Stock

An IOU from the Government. The public and companies can lend the Government money. In return they get a fixed rate of interest for a certain period of time and then the money is repaid. The document which acknowledges the amount the Government owes each person or company is called Government Stock.

Glossary: fixed rate
Glossary: interest
Glossary: Government Stock

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Here you'll find explanations of the many financial terms used throughout the Sorted website.