DECEASED ACCOUNT
A bank account, such as a savings or checking account, owned by a deceased person. When a bank receives notice that a customer has died, it will freeze his or her account while waiting for direction from the authorized court regarding payment to heirs and creditors. Bank personnel are typically restricted from providing much practical advice to heirs regarding how to handle the affairs of a deceased customer's account. It is advisable to obtain legal assistance or contact the appropriate court for direction regarding these types of issues.
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Specific-Shares Method
Specific-shares method is a personal financial accounting whose purpose is to cut down realized capital gains for multiple stock or mutual fund pur ...
Voting Trust Certificate
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Sample Selection Bias
Sample Selection Bias is a type of bias resulting from the selection of non-random data meant for statistical analysis.
Combined Loan to Value Ratio - CLTV Ratio
Ratio determining the default risk of a potential homebuyer if he would purchase a home using multiple mortgages. In general, creditors are willing ...
Contagion
Possibility a significant economic changes in a country will spread to other nations. It pertains to the spread of either an economic boom or econo ...
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