What is 'money laundering'? Definition & meaning

More terms

Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.

Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt

Wall Street

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

Key Information Document (KID)

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

Base rate

What's the base rate?

Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.

Gilt

What is a gilt?

SPAC

Find our what a SPAc or special purpose acquisition company is.

Profit and Loss Statement (P&L)

A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.

Money laundering