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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.

Hedgers

These contracts involve buying or selling an asset at a predetermined price on a future date. Futures contracts are a commonly used tool in the financial world, particularly...

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Fixed Exchange Rate System

This system provides stability and predictability in international trade and investments. The Fixed Exchange Rate, also known as Pegged Exchange Rate System, is a mechanism...

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Capital Gain / Loss

Let's dive into the world of finance and discuss a fundamental concept that every investor should be familiar with - capital gain or loss. This refers to the difference betw...

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Inflation

It is caused by an increase in the money supply, which leads to more money chasing the same amount of goods and services. Inflation is a concept that is often discussed in ...

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