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Financial Terms

KYC

It helps in preventing fraud and financial crimes such as money laundering. The process involves collecting information about a customer's identity, occupation, and source of income.

KYC, or "Know Your Customer," is a crucial concept in the world of finance. It enables institutions to ensure the legitimacy of their customers and prevent potential financial crimes. By collecting details like identity, occupation, and source of income, KYC helps institutions stay vigilant and protect against fraud and money laundering. In other words, it's a necessary step towards maintaining the integrity and security of the financial industry.

Endowment Fund

It is managed by a team of financial experts who make strategic decisions regarding the allocation and diversification of the fund's assets. The goal of a fund is to generate...

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EBITDA

EBITDA, or earnings before interest, taxes, depreciation, and amortization, is a key financial term used to gauge a company's profitability. This metric is typically evaluat...

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Monetary Policy

Monetary policy refers to the strategies and actions implemented by the Central Bank or other regulatory bodies to control the amount of money circulating in an economy. Thi...

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Hard Money Loan

It is typically a short-term loan with a higher interest rate. It is used by investors or businesses who need quick access to funds for a short period of time. The property a...

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