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

Earnings per share

We look at what earnings per share mean and how to calculate it
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Securities

Bonds and stocks.
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Inflation

The increase in the prices of goods and services over time, and the process by which money loses its value.
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Fixed Income

An investment that provides a fixed rate of return, often over a specific set of time.
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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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Interest Rate

The amount a lender charges for lending your money, or a borrower pays you for borrowing your money.
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Gilt

What is a gilt?
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Equity ETF

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

An investment strategy in which money is put into a variety assets.
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