MUNICIPAL INVESTMENT TRUST
A unit investment trust which invests only in municipal securities. It lets individuals to invest in numerous municipal bonds and goes through tax-free income. This is created for higher-income investors who seek tax-free income.
POPULAR TERMS
Closed-End Mortgage
Restrictive mortgage which cannot be prepaid, refinanced, or renegotiated without settling breakage costs to the lender. This is applicable to home ...
Robinson-Patman Act
Robinson-Patman Act is a federal law passed in 1936 to outlaw price discrimination. This is an amendment to the 1914 Clayton Antitrust Act and is s ...
In Street Name
Brokerage account where the client’s assets and securities are held under the name of the brokerage, not the individual owner. Although the c ...
SWS
Syndrome afflicting individuals with new or sudden wealth, causing an individual stress. Its symptoms include feelings of guilt over good fortune, ...
Trust Property
Assets placed under a trust agreement between a trustor and trustee for a beneficiary. It includes any type of asset such as cash, life insurance p ...
POPULAR ARTICLE
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Featured Investment: The American Depository Receipt
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A Guide to Your Personal Income Tax: Steps to Take before April 15
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Ethical Investing: Knowing Human Rights and Workers` Rights
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| 02:00 | MI Inflation Gauge | Nov | |
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| 09:00 | Nationwide House Price Index | Nov |
