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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.

Individual Financial Advisors (IFA)

They analyze a person's financial situation and suggest the best investment plans. The advisor also helps in developing strategies to achieve financial goals. In the world ...

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Blue Chip Companies

Blue Chip Companies are highly reputable multinational companies that have been in operation for a significant period. These companies have a substantial market capitalization...

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Accrued Interest

Accrued Interest refers to the accumulated sum of interest that has been earned on an investment or debt obligation but has not been disbursed to the recipient yet. It represe...

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H-Shares

H-Shares refer to shares of companies from mainland China that have been listed on the Hong Kong Stock Exchange. This is part of the Chinese government's efforts to open up ...

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