- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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The contract that sets out the terms of life insurance coverage.
Industry:Financial services
Process through which debt is removed from the balance sheet but not canceled.
Industry:Financial services
A person or an organisation that makes the day-to-day decisions regarding a portfolio's investments. Also called a portfolio manager.
Industry:Financial services
A type of mortgage in which a homeowner borrows against the value a home, while retaining title, and making no payments while residing in the home. When the owner ceases living in the house, the property is sold, and the loan repaid.
Industry:Financial services
Legislation passed in 1940 requiring financial advisers to register with the Securities and Exchange Commission. The measure was enacted to protect the public from fraud or misrepresentation by investment advisers.
Industry:Financial services
Trading post on NYSE floor where inactive, lightly traded stocks are traded in 10-share lots as opposed to 100-share lots.
Industry:Financial services
A business that specialises in providing investment advice for a fee. All advisers of an advisory service must be registered with the Securities and Exchange Commission.
Industry:Financial services
A security that trades in very small volume on a daily basis. See:: Illiquid.
Industry:Financial services
