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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Gross Margin

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

A tax deduction made at the source of the payment.
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Global Investment Performance Standards (GIPS)

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

A form of fraud designed to lure new investors, and pays the earlier backers by using the new investors' money.
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Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.
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Growth stocks

These are stocks in companies that are considered to be “growing”. These companies may be delivering new products and services, or entering new markets.
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Yield to maturity

What is yield to maturity and why is it useful?
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Income statement

A summary of a company's income and expenses over a set period of time.
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Yield

Income from an investment as a percentage of its current price.
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