Business Terms and Jargon Explained

What is Know your client

This 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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Corner a market Horizontal integration Accounting Rate of Return
Company Law Quantum of damages Trailers
Realisable property Depression HMI
Public Key Infrastructure - PKI Debenture Simple Interest
Patent Pools Kroon Flexitime
In delicto Nominated court Employees
Altcoin Bona vacantia OATH
DTI-CHIEF Bonds In terrorem
KITING Smurfing Winding up
Cross training Domicile of dependency Interest
Petition Payer Bankers draft
Exempt Input Tax Marketing Strategy SAIL address
Charge Certificate Venire BACS

Term created / updated 2005-07-16 23:12:15

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