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W-8BEN Form

W-8BEN Form

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

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

More terms

Net Income (NI)

The money a firm is left with from sales after subtracting taxes and different business costs.
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United States Dollar (USD)

The famous greenback our friends in the US use as currency.
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Unicorn

A startup valued at over £1 billion. They are rare, hence the name.
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Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.
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Leverage

A method of trading using borrowed money that usually involves a very high level of risk.
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Hedge Fund

Investment funds that are often associated with riskier and shorter-term trading strategies.
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Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.
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Time-Weighted Rate of Return (TWRR)

A return calculated over the time period invested, that excludes extraneous elements, such as deposits to and withdrawals from the investment accounted.
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Spot Rate

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