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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.

Key Information Memorandum (KIM)

It is an important tool for investors to make informed decisions and understand the risks associated with a particular investment. A Key Information Memorandum, or KIM, is a...

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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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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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Gross National Product (GNP)

Gross National Product, or GNP, represents the total value of goods and services produced by a country in a given year, as well as the net income from investments made by in...

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