Withholding Tax

A tax deduction made at the source of the payment.

A tax deduction made at the source of the payment.

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Equity

The amount of money a company would be left with by subtracting its liabilities from the value of its assets.
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Zero-Sum Game

A situation in which one person's gain is another's loss.
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Hedge Fund

Investment funds that are often associated with riskier and shorter-term trading strategies.
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UK Treasury bill

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

Learn what's a collective investment scheme
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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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Fixed Income

An investment that provides a fixed rate of return, often over a specific set of time.
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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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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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