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Dictionary
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Spot Rate
Spot Rate
The currency exchange rate a bank quotes, valid with immediate effect.
The currency exchange rate a bank quotes, valid with immediate effect.
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Money laundering
A method of moving money obtained illicitly through the financial system so it can be used legally.
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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.
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Annualised Rate of Return
The average annual return an investor sees over a set period of time.
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Hypothesis Testing
A mathematical test used to determine whether a claim is true or false.
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Wall Street
A street in New York that became a figure of speech for the financial markets of the US.
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Spot Rate
The currency exchange rate a bank quotes, valid with immediate effect.
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Withholding Tax
A tax deduction made at the source of the payment.
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Synthetic ETFs
An ETF that that reproduces the return of an index through the use of swaps.
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Costs and Charges
The money you pay when investing.
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