Term of the day
Graphical symbol representing a currency in a foreign exchange transaction. Symbols vary from one country’s (or region’s) currency to another. It is a shorthand and familiar version of a currency. Some examples of c ...
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Document issued by inspectors or an approved grading panel, stating the quality of a commodity. It is significant since a commodity must be declare ...
A strategy used to protect existing gains or prevent further losses by means of a stop-loss order or limit order. It is set to activate at a specif ...
Fixed Amortization Method
One of three methods by which early retirees of any age can access their retirement funds without penalty before turning 50.5. The fixed amortizati ...
Pretax Rate Of Return
The rate of return on an investment that does not take the taxes the investor must pay on this return. Because individuals' tax situations diff ...
The total value of a leveraged position's assets. This term is commonly used in the options, futures and currency markets because a very small ...
Finance for Individuals
Why Are Millennials Overly Worried About Retirement?
Although often dubbed as lazy and immature, today’s generation are highly aware of the global financial state and are more than ready for it than most people think they are. This is because t hey are noticeably more engaged when it comes to saving up for their future needs especially for retirement compared to the boomers, who started somewhere at the age of 35.
4 Pillars of a Legal Contract
An individual will be encountering and signing several different contracts such as an agreement to purchase a house or a car. But have you ever thought of what this legal document about is and what it actually requires from you? Or do you really know the important elements a contract must posses to make it valid and enforceable? Before signing a contract, be familiarized with the four elements [#ret]of a legal contract: Competent Party It is given that any individual cannot engage in a contract with an insane person, and this is extended to people under the influence of mind-a[#ret]ltering drugs or alcohol.
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