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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

Fixed Income

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

Xetra

A trading venue operated by the Frankfurt Stock Exchange.

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.

Accounting standards

The rules a company follows when preparing financial statements.

Costs and Charges

The money you pay when investing.

Capital

Learn what financial capital means

Securities

Bonds and stocks.

Bond

Learn what a bond is

Income statement

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

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