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

Zero coupon bonds

What is a zero coupon bond?
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Gilt

What is a gilt?
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Hedge Fund

Investment funds that are often associated with riskier and shorter-term trading strategies.
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IPO

When a private company sells shares to the public for the first time. Its stock market debut, basically.
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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
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NYSE

The world's largest stock exchange. Wall St HQ.
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DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.
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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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Equity ETF

An exchange-traded fund that is comprised of a set of stocks.
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