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Withholding Tax

Withholding Tax

A tax deduction made at the source of the payment.

A tax deduction made at the source of the payment.

More terms

Leverage

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

Wall Street

A street in New York that became a figure of speech for the financial markets of the US.

NYSE

The world's largest stock exchange. Wall St HQ.

Exchange-Traded Fund (ETF)

A collection of investments, pooled into a single fund that can be bought and sold on a stock exchange.

Unicorn

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

Spot Rate

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

Stock Market

A place where shares of publicly listed companies are traded.

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.

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