Stock Market Glossary

From A for ‘Asset’ to Z for the ‘Zero-Coupon Yield Curve’ — your comprehensive guide to everything that matters in the markets.

Kapitulation (Market)

Sell-off under stress, often preparing a trend reversal.

KBV (Price-to-Book Value Ratio)

The relationship between stock price and book value per share as a measure of valuation.

Key currency

World's preferred settlement and reserve currency in trade and financial system.

Key interest rate

Central bank interest rate as a control variable for monetary policy and market interest rates.

KID (Key Information Document)

PRIIPs Key Information Document for packaged retail investment products.

KIID (Key Investor Information Document)

UCITS Key Investor Information Document with risks, costs, and profile.

Knock-in barrier

Level of course that activates a barrier option only upon reaching.

Knock-out barrier

Level of the course that triggers a barrier option or knock-out certificate.

Knock-out certificate (KO)

Leverage product with barrier that expires on knock-out.

Korridor (Price corridor)

Area in which a course moves over a longer period of time.

KVG fee

Administrative fee of the capital management company.

KYC (Know Your Customer)

Identification and due diligence obligations to prevent money laundering and terrorism financing.

KYT (Know Your Transaction)

Transaction-related checks to detect suspicious patterns.