What is '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.

More terms

Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.

Understand what Bed and ISA is and how it works

A means of calculating the potential future return on an investment.

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.

Find out what is the definition of the S&P 500 index.

Mutual funds and investment trusts are priced on their net asset value (NAV).

London Stock Exchange, which was founded in 1571 and now has a market cap of almost $5 trillion.

We look at what is a depository and what role they play in keeping markets work.

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