Term of the day
This refers to a person who has a high net worth as an effect of the large total market value of the assets he/she owns. This often occurs when an investor buys marketable securities that later bid up to higher prices on the op ...
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This is used by a married couple who purchases single life annuity for the older spouse and a joint life annuity for both of them. In case the youn ...
In options or futures contract, the difference between the current price and the previous day’s closing price.
Smeal College of Business
Smeal College of Business is the Penn State University’s school of business. It offers undergraduate, graduate, and doctoral programs in vari ...
Purple Chip Stock
A term coined by portfolio manager John Schwinghamer in his book "Purple Chips: Winning in the Stock Market with the Very Best of the Blue Chi ...
Short-term obligations, normally less than 90 days, providing return through interest payments, Generally, it offer a low return unlike oth ...
Finance for Individuals
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