LIVING TRUST
A property interest created while an individual is still alive and administered by another party. It permits easy transfer of assets without undergoing the probate process. It is an agreement where the trustee legally holds the fund or asset which belongs to another person (beneficiary). This is different from other kinds of trusts that are made through an individual’s last will.
Also called inter-vivos trust.
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Trade or Fade Rule
Options exchange rule introduced to eliminate trade troughs. The rule requires the market maker to match a better deal seen on another market or tr ...
A-B Split
This is a method commonly used to test if the marketing media or methods used are effective. When using A-B Split method in marketing, there will b ...
Cancellation
Notification by a broker advising his or her client that an incorrect exchange deal was conducted and that the activity is being pointed out. For e ...
Kicker Pattern
A two-bar candlestick pattern that signifies change in the direction of the market trend for the price of an asset. The pattern is composed of two ...
UFMI
Up-Front Mortgage Insurance (UFMI) is an insurance premium. It is usually collected at the time of the conception of the loan on Federal Housing Ad ...
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