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Know Your Customer (KYC)

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.

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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Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.
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Wall Street

A street in New York that became a figure of speech for the financial markets of the US.
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Value stocks

Stocks in companies that aren’t necessarily growing fast, but instead are dependable and stable.
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Diversification

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

Unique to the UK, these funds pool together money to invest from multiple investors.
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Oligopoly

A situation in which a market or industry is controlled by a small group of companies.
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NYSE

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

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.
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Exchange-Traded Fund (ETF)

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