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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Know Your Client

Definition:

Brokers and investment advisers are legally obligated to know their client.

That doesn't mean they know how a client takes their coffee or what they really think of Magic Mike. It means that they understand the client's goals, financial situation, and comfort levels when it comes to risk. Knowing this stuff lets the pros make good investment decisions on behalf of the client and lets them offer the right advice.