Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt

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Leverage

A method of trading using borrowed money that usually involves a very high level of risk.
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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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Compound interest

Understand what compound interest means and how it's calculated
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SPAC

Find our what a SPAc or special purpose acquisition company is.
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Know Your Customer (KYC)

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.
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Custodian bank

Learn what a custodian bank is.
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W-8BEN Form

Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.
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Securities

Bonds and stocks.
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Packaged Retail and Insurance-based Investment Product (PRIIP)

An investment where, regardless of its legal form, the amount repayable to the retail investor is subject to fluctuations.
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