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
Gift Letter
Written correspondence given to a lender acknowledging the money received is a gift from a friend or relative. Normally, it occurs when a borrower ...
Digits Deleted
A designation on an exchange's ticker tape that refers to the absence of one or more price digits caused by tape delay. Digits deleted comes in ...
Quadruple Witching
Basically, quadruple witching is the day in which all contracts for stock index options and futures, single stock futures, and stock options expire ...
Cash on Delivery - COD
Transaction in which payment for an ordered good is made on its delivery date and time. The good will be returned to the seller should the buyer fa ...
Robo-Signer
A mortgage servicing company employee signing foreclosure documents without reviewing them. A robo-signer does not review details of individuals, a ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
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After choosing the best location of your new house, it is about time to decide on the home that you want. Basically, there are three types of homes ...
Health Savings Account: Eligibility
We discussed the fundamental information regarding HSAs. Now, we shall tackle the qualifications for opening an HSA.
Any person can utili ...
Health Savings Account: Introduction
In essence, health savings account shoulders any health- and medical-related expenses that are not included in the high-deductible health plan. Pay ...
The Concepts of Economics: Scarcity
To fully grasp the essence of what economics is, we must first understand the concept of scarcity along with the branches of study under economics ...
Student Loans: Repayment in Times of Financial Difficulty
One day, you are in the middle of a financial hardship. Unfortunately, you still have student loans to pay. What will you do? In times like these, ...
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