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Over-The-Counter (OTC)

Over-The-Counter (OTC)

A security that is sold outside of an exchange.

A security that is sold outside of an exchange.

More terms

Yield to maturity

What is yield to maturity and why is it useful?

Investment Trust

A company that pools money together from multiple investors and then invests it.

Free Trade

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

Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.

W-8BEN Form

Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.

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.

Base rate

What's the base rate?

Bed & ISA

Understand what Bed and ISA is and how it works

UK Treasury bill

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

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