What is 'withholding tax'? Definition & meaning

More terms

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.

Maturity date

The date on which a gilt is redeemed and the gilt holder receives the repayment of the nominal amount and final dividend or coupon payment.

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.

Compound interest

Understand what compound interest means and how it's calculated

Costs and Charges

The money you pay when investing.

Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.

Limit order

Learn what a limit order is and how to use it to make the most of your portfolio.

SPAC

Find our what a SPAc or special purpose acquisition company is.

Yield curve

A graphical representation of interest rates over time

Withholding Tax