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.

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Equity ETF

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

A street in New York that became a figure of speech for the financial markets of the US.
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Geometric Mean Return

A way of calculating compound returns on an investment or savings over a set period of time.
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Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.
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Rate of Return

Profit on an investment, expressed as a percentage of the investment.
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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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Maturity value

What's the maturity value of a bond?
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Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.
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Bed & ISA

Understand what Bed and ISA is and how it works
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