What is a 'W-8BEN form'? Definition & meaning

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

More terms

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.

OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.

Forward pricing

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.

Global Investment Performance Standards (GIPS)

A set of standards which investors use to present their investment results.

S&P 500

Find out what is the definition of the S&P 500 index.

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.

DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.

Account balance

The amount of money a user has stored in a financial repository.

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

W-8BEN Form