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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.

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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Headline Risk

Headline risk refers to the potential impact on a company's stock prices due to negative media coverage of an event. This type of risk can be damaging to a company's reputat...

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Domestic Trade Deficit

In the field of finance, we often come across the term "Domestic Trade Deficit". This concept refers to a situation where a country's imports exceed its exports, resulting i...

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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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