Term of the day
Graphical symbol representing a currency in a foreign exchange transaction. Symbols vary from one country’s (or region’s) currency to another. It is a shorthand and familiar version of a currency. Some examples of c ...
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Document issued by inspectors or an approved grading panel, stating the quality of a commodity. It is significant since a commodity must be declare ...
A strategy used to protect existing gains or prevent further losses by means of a stop-loss order or limit order. It is set to activate at a specif ...
Fixed Amortization Method
One of three methods by which early retirees of any age can access their retirement funds without penalty before turning 50.5. The fixed amortizati ...
Pretax Rate Of Return
The rate of return on an investment that does not take the taxes the investor must pay on this return. Because individuals' tax situations diff ...
The total value of a leveraged position's assets. This term is commonly used in the options, futures and currency markets because a very small ...
Finance for Individuals
For Gen Y: How to Avoid Working Forever
Is it possible for most of the Generation Y people to avoid working forever? According to a survey The Retirement Readiness of Three Unique Generations: Baby Boomers, Generation X, and Mi llennials, released by the Transamerica Center for Retirement Studies, 60% of the millennials expect to retire at age 65 (or earlier).
Taxation in Finance