What is 'Know Your Customer (KYC)'? Definition & meaning

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

More terms

Find out what quantitative easing is and how central banks use this monetary measure to encourage economic growth.

Find out what dividends are and how they can contribute to the growth of your investment portfolio.

An investment strategy in which money is put into a variety assets.

A debt instrument issued by the UK government with a maturity of less than one year.

An investor that is able to meet several regulatory criteria.

Learn what a custodian bank is.

A measure of how much the prices of an asset or index vary over time.

Find out what is the definition of the S&P 500 index.

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