DAILY MONEY MANAGER - DMM
He or she is the one who manages someone’s finance. A daily money manager is the one who takes over the day to day tasks for the people who cannot do their financial check on their own. It is usually the elderly who hires a daily money managers. It also includes tasks like paying bills, preparing tax documents, wire transfers and monthly paperworks, even deposits or withdrawal. The demand of hiring a daily money managers began in 21st century because of the increasing population of the elderly, while many children attempts to manage their parent’s finances they find it too hard and too time consuming.
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Klinger Oscillator
A technical indicator, created by and named after Stephen Klinger, which determines long-term trends of money flow based on volume and stays sensit ...
European Financial Stablisation Mechanism - EFSM
Permanent fund created to provide financial assistance to EU member states in times of financial difficulties. In essence, it generates money throu ...
Risk Lover
A type of investor who is willing to take on additional risk for an investment that has low expected return. This is the opposite of risk averse.
Corporate Ownership of Life Insurance - COLI
Insurance policies taken away by companies on their employees in which death benefits will be given to these firms instead to the insured individua ...
Pay/Collect
It refers to the payment/collection of funds between clearing members and their clearing houses.
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