Business Terms and Jargon Explained
What is Know your clientThis is an ethical principle to which financial advisers must adhere. A financial adviser has to take reasonable steps to gather personal and financial information concerning the client that will be used by any party that the financial adviser introduces them to. The Financial Authorities have put in procedures and law to protect clients and to prevent fraud. There are big penalties for the adviser if they do not comply.
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Term created / updated 2005-07-16 23:12:15
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.
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