What is 'money laundering'? Definition & meaning

More terms

Balance sheet

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

Custodian bank

Learn what a custodian bank is.

Securities

Bonds and stocks.

Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.

Diversification

An investment strategy in which money is put into a variety assets.

Zero-Sum Game

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

Equity ETF

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

Wall Street

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

Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.

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Money laundering