What is 'Know Your Customer (KYC)'? Definition & meaning

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.

More terms

Limit order

Learn what a limit order is and how to use it to make the most of your portfolio.

Dividends

Find out what dividends are and how they can contribute to the growth of your investment portfolio.

Balance sheet

A summary of a company's finances, including its assets, liabilities and shareholder equity.

Maturity value

What's the maturity value of a bond?

Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.

Key Information Document (KID)

A document issued by an investment fund to help investors determine if it's the right fund for them.

Income statement

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

Leverage

A method of trading using borrowed money that usually involves a very high level of risk.

Volatility

A measure of how much the prices of an asset or index vary over time.

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Know Your Customer (KYC)