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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.

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Over-The-Counter (OTC)

A security that is sold outside of an exchange.
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Key Information Document (KID)

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

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.
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Compound interest

Understand what compound interest means and how it's calculated
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LSE

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

The money you pay when investing.
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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).
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S&P 500

Find out what is the definition of the S&P 500 index.
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Zero-Sum Game

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