What is 'Know Your Customer (KYC)'? Definition & meaning

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.

More terms

NASDAQ

A US stock exchange specialising in the shares of technology companies.

Margin call

Learn what a margin call stands for in financial terms.

Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt

Over-The-Counter (OTC)

A security that is sold outside of an exchange.

Fundamentals

The data or information that is likely to impact a company's stock price.

Equity ETF

An exchange-traded fund that is comprised of a set of stocks.

Gilt

What is a gilt?

Gross Margin

The difference between a company's revenue and the cost to produce its goods/services, divided by revenue.

Global Investment Performance Standards (GIPS)

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

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Know Your Customer (KYC)