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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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Capital

Learn what financial capital means
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Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.
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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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Investment Return

The amount of money made or lost from an investment. Usually expressed as a percentage.
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Profit and Loss Statement (P&L)

A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.
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Balance sheet

A summary of a company's finances, including its assets, liabilities and shareholder equity.
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Xetra

A trading venue operated by the Frankfurt Stock Exchange.
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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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Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.
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