Term of the day
It is a coverage of a sure to happen event. It is somehow similar to insurance (and some people interchange these terms except that in insurance, it protects the holder of the policy from certain events that might happen. ...
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Traditional Whole Life Policy
Life insurance contract that has no expiration date. Unlike other life insurances, this contract never runs out and provides coverage for the polic ...
Alpha return of a security or portfolio not attributable solely to the money manager or investor because of consequential beta exposure. It occurs ...
A portfolio that renders an expected return which is too low for the amount of risk it requires, or a portfolio that gives too much peril for a spe ...
Mixed Economic System
An economic system with features of both capitalism and socialism. It lets a level of private economic freedom in using capital, but also allows fo ...
A derivatives exchange situated in Montreal, Quebec, Canada. It trades futures contracts and options, as well as index options and futures. It is C ...
Finance for Individuals
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Taxation in Finance
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