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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.

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Zero-Sum Game

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

A physical/digital place where stockbrokers and traders can buy and sell securities.
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Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.
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Equity ETF

An exchange-traded fund that is comprised of a set of stocks.
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W-8BEN Form

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

Investment funds that are often associated with riskier and shorter-term trading strategies.
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Professional Client

An investor that is able to meet several regulatory criteria.
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Collective investment scheme

Learn what's a collective investment scheme
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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.
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