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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.

More terms

United States Dollar (USD)

The famous greenback our friends in the US use as currency.

Bed & ISA

Understand what Bed and ISA is and how it works

UK Treasury bill

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

Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.

Income statement

A summary of a company's income and expenses over a set period of time.

Yield

Income from an investment as a percentage of its current price.

Global Investment Performance Standards (GIPS)

A set of standards which investors use to present their investment results.

Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.

Alpha

The percentage by which an investor outperforms a relevant benchmark.

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