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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

Total Return

This is the measurement of a fund’s performance in a specific period.

Bull market

We explain what a 'bull market' means

Net Income (NI)

The money a firm is left with from sales after subtracting taxes and different business costs.

Gilt

What is a gilt?

Beta

Learn what Beta stands for in finance.

Zero coupon bonds

What is a zero coupon bond?

Profit and Loss Statement (P&L)

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

Xetra

A trading venue operated by the Frankfurt Stock Exchange.

DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.

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