What are 'costs and charges'? Definition & meaning

More terms

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.

Dirty price

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

Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.

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.

Exchange-Traded Fund (ETF)

A collection of investments, pooled into a single fund that can be bought and sold on a stock exchange.

NYSE

The world's largest stock exchange. Wall St HQ.

Annualised Rate of Return

The average annual return an investor sees over a set period of time.

Technical Analysis

Examining price movements of shares and other assets, and trying to predict how they will move in the future.

Key Information Document (KID)

A document issued by an investment fund to help investors determine if it's the right fund for them.

Costs and Charges