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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

Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.

Margin call

Learn what a margin call stands for in financial terms.

Custodian bank

Learn what a custodian bank is.

Securities

Bonds and stocks.

Zero-Sum Game

A situation in which one person's gain is another's loss.

Balance sheet

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

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.

Fixed Income

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

Global Investment Performance Standards (GIPS)

A set of standards which investors use to present their investment results.

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