STIPEND
Predetermined amount of money given regularly to help an individual offset his expenses. These are frequently provided to those who are ineligible to receive a regular salary for the duties they perform, including interns. A stipend is lower than a salary, but its recipient will be able to gain experience and knowledge in a certain field.
POPULAR TERMS
Affirmative Covenant
A kind of contract or promise that requires a party to conduct some action. For example, a bond covenant which provides that the issuer must delive ...
Pure Risk
A risk where loss is the only potential outcome; there is no positive result. A pure risk is related to events that are out of control of the risk- ...
Efficiency
Performance level describing a process which uses the lowest amount of inputs to come up with the greatest amount of inputs. It is relative to usin ...
Tax Free
Goods and/or financial products that are not taxable. Having the tax free status allows an entity to save money and encourages additional spending ...
Reprice
A situation that is most often allowed for company executives or high-level employees. It permits them to trade in their options that out of the mo ...
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An automated trading system basically lets a computer to do the work of a trader by setting certain rules for entering and exiting trades. That com ...
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Featured Investment: Annuity
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