What is '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.

More terms

Stock Market

A place where shares of publicly listed companies are traded.

Compound interest

Understand what compound interest means and how it's calculated

Zero coupon bonds

What is a zero coupon bond?

Capital

Learn what financial capital means

UK Treasury bill

A debt instrument issued by the UK government with a maturity of less than one year.

Year to Date (YTD)

A period of time that starts with the first day of the current calendar year and ends with today.

Bull market

We explain what a 'bull market' means

Zero-Sum Game

A situation in which one person's gain is another's loss.

OEIC

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

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