Regulation & Compliance
Source of Funds
Definition
What is Source of Funds?
The origin of money used in a specific transaction or account.
Example in practice
How This Looks in Practice
The investorA person or organisation that commits capital with the expectation of a financial return. provides a salary statement for the subscriptionThe process of buying new units in a fund by submitting money and a valid instruction..
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Related Terms
Regulation & Compliance
Fiduciary Duty
A legal or ethical duty to act loyally and carefully in another person's best interest.
Regulation & ComplianceSuitability
The requirement or process of determining whether an investment fits a client's circumstances and objectives.
Regulation & ComplianceBest-Interest Standard
A duty to place the client's interests ahead of the provider's when making a recommendation.
Nigeria InvestingNigerian Exchange
Nigeria's principal securities exchange, where listed shares, bonds, ETFs, and other instruments trade.