What is 'Withholding Tax'? | Freetrade Dictionary

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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.

Account balance

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

Zero-Sum Game

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

Profit and Loss Statement (P&L)

A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.

Oligopoly

A situation in which a market or industry is controlled by a small group of companies.

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

Over-The-Counter (OTC)

A security that is sold outside of an exchange.

Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.

Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.

Withholding Tax