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Dictionary
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Equity ETF
Equity ETF
An exchange-traded fund that is comprised of a set of stocks.
An exchange-traded fund that is comprised of a set of stocks.
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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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UK Treasury bill
A debt instrument issued by the UK government with a maturity of less than one year.
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Net Income (NI)
The money a firm is left with from sales after subtracting taxes and different business costs.
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Costs and Charges
The money you pay when investing.
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Yield
Income from an investment as a percentage of its current price.
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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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Bed & ISA
Understand what Bed and ISA is and how it works
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OEIC
Unique to the UK, these funds pool together money to invest from multiple investors.
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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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