Dictionary
/
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.

More terms

Leverage

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

Oligopoly

A situation in which a market or industry is controlled by a small group of companies.
Read more

Gilt

What is a gilt?
Read more

Custodian bank

Learn what a custodian bank is.
Read more

Technical Analysis

Examining price movements of shares and other assets, and trying to predict how they will move in the future.
Read more

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.
Read more

Stock Market

A place where shares of publicly listed companies are traded.
Read more

Holding Period Return

The amount of money generated by an asset during the time that it was held by an investor..
Read more

Securities

Bonds and stocks.
Read more

You’re just minutes away from commission-free investing

open an isa
When you invest, your capital is at risk

Freetrade is your gateway to commission-free investing. Join over 1.6 million users using the Best online trading platform, as voted at the British Bank Awards for six years running.

Accounts
Customer Support
Resources
Company
Important information

Freetrade does not provide investment advice and individual investors should make their own decisions or seek professional advice. The value of investments can go down as well as up and you may receive back less than your original investment. Freetrade is a trading name of Freetrade Limited, which is a member firm of the London Stock Exchange and is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales (no. 09797821).

© 2025 Freetrade, All rights reserved. The Apple logo is a trademark of Apple Inc. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.

Follow us on