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

Clean price

The quoted price of a gilt, which excludes accrued interest
Read more

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
Read more

Real Estate Investment Trust (REIT)

An investment trust specialised in investing in commercial property such as parking garages or GP offices.
Read more

Withholding Tax

A tax deduction made at the source of the payment.
Read more

Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.
Read more

SPAC

Find our what a SPAc or special purpose acquisition company is.
Read more

Unicorn

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

Alpha

The percentage by which an investor outperforms a relevant benchmark.
Read more

Wall Street

A street in New York that became a figure of speech for the financial markets of the US.
Read more

You’re just minutes away from commission-free investing

When you invest, your capital is at risk