SURRENDER FEE
Fee levied to an annuity investor for withdrawing funds from an annuity or insurance contract before its maturity, or for cancelling the agreement. The charge serves as an economic incentive for investors in maintaining their contract, and allows the insurance firm to justify expectations for the frequency of early withdrawals. Also called surrender charge.
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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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Ethical Investing: Its Advantages and Disadvantages
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