ABANDONED PROPERTIES
These are assets that include contents of a safe deposit box, life insurance policies, land, uncashed checks, mutual funds, bonds stocks and cash that were turned over to the government because of several years of inactivity. There are some states that hold these properties for a time, until the real owners and/or their heirs claim them in an indefinite time. On the other hand, there are also some states that take the property if it became dormant for a long time, in a process called "escheatment." The purpose of the Abandoned Properties Laws is to remove the liability from the asset holder.
POPULAR TERMS
Vanilla Option
Vanilla Option is a financial instrument that provides the holder the right, but not necessarily the obligation, to buy and sell an underlying asse ...
Registered Principal
Registered principal is a licensed securities professional who supervises a securities firm’s major operations, such as regulatory compliance ...
Straight Line Basis
Method of calculating the amortization or depreciation of an asset done by dividing the difference between its cost and projected salvage value by ...
Form 8949
An IRS form implemented in tax year 2011 for individual taxpayers to report capital gains and losses from investment activity. Form 8949 is used by ...
Spread
Spread may be defined two ways. First, it is the discrepancy of a security’s or an asset’s bid and ask price. Second, it is an options ...
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