ESTIMATED CURRENT RETURN
Approximate return for a unit investment trust over the short-term, which is calculated by getting the valuated annual interest income from the securities of the investment portfolio and dividing it by the highest public offering price, net of the largest sales charge for the trust. The gauge is less precise than the estimated long-term return and is more vulnerable to interest rate perils during the portfolio’s lifespan.
POPULAR TERMS
Secondary Mortgage Market
Secondary Mortgage Market is a market wherein mortgage aggregators, securitizers, originators, and investors go to buy and sell mortgage loans and ...
Giffen Good
Good for which demand rises as the price escalates, and declines when the price decreases. It has an upward-sloping demand curve, contrary to the f ...
Inactivity Fee
Fee charged to investors by brokerages for infrequent trading in their brokerage accounts to meet the minimum trading requirement
CVE
Currency abbreviation for the Cape Verde escudo, the official currency of the Republic of Cape Verde. The CVE subunit is called the centavo. Instea ...
Product Recall Insurance
An insurance that covers the costs involved in recalling possibly defective products made by the insured.
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