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

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

Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.

Gilt

What is a gilt?

Unicorn

A startup valued at over £1 billion. They are rare, hence the name.

Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.

Yield curve

A graphical representation of interest rates over time

Leverage

A method of trading using borrowed money that usually involves a very high level of risk.

Conventional gilts

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).

Quantitative easing

Find out what quantitative easing is and how central banks use this monetary measure to encourage economic growth.

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