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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

Equity

The amount of money a company would be left with by subtracting its liabilities from the value of its assets.

Net Income (NI)

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

Real Estate Investment Trust (REIT)

An investment trust specialised in investing in commercial property such as parking garages or GP offices.

Key Information Document (KID)

A document issued by an investment fund to help investors determine if it's the right fund for them.

Beta

Learn what Beta stands for in finance.

Fixed Income

An investment that provides a fixed rate of return, often over a specific set of time.

Net Asset Value (NAV)

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

Quick ratio

Learn what quick ratio stands for in financial terms and how to calculate it.

OEIC

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

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