IRREVOCABLE TRUST
A trust that cannot be altered or cancelled without the consent of the beneficiary. Once the grantor transfers assets into the trust, he or she relinquishes ownership of the assets that is placed in the trust. This offers tax advantages such as permitting an individual to give money and assets away even he or she dies. Opposite of revocable trust.
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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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