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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

Yield to maturity (YTM)

What is yield to maturity and why is it useful?

UK Treasury bill

A debt instrument issued by the UK government with a maturity of less than one year.

Quantitative easing

Find out what quantitative easing is and how central banks use this monetary measure to encourage economic growth.

Year to Date (YTD)

A period of time that starts with the first day of the current calendar year and ends with today.

Clean price

The quoted price of a gilt, which excludes accrued interest

Oligopoly

A situation in which a market or industry is controlled by a small group of companies.

Bed & ISA

Understand what Bed and ISA is and how it works

Yield

Income from an investment as a percentage of its current price.

American Depository Receipts (ADRs)

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.

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