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

Find out what is the definition of the S&P 500 index.

The amount of money made or lost from an investment. Usually expressed as a percentage.

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

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

Examining price movements of shares and other assets, and trying to predict how they will move in the future.

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

The percentage by which an investor outperforms a relevant benchmark.

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.

Listing a company on a stock exchange, or the shares that are genuinely up for grabs once it’s there.