- individual authorized by another person called the principal to act in the ladders behalf in transactions involving a third-party banks are frequently appointed by individuals B2B their agents and so authorized their employees to act on behalf of principles agents have three basic characteristics
- they act on behalf of and are subject to control of the principal
- they do not have title to the principal’s property
- they owe the duty of obedient to the principals orders
Adjusted Balance Method
formula for calculating finance charges based on account balance remaining…
Keep readingAdjustable-Rate Preferred Stock( ARPS)
preferred stock whose dividend it said of being fixed is…
Keep readingAdjustable Rate Mortgage (ARM)
mortgage agreement between a financial institution in a real estate…
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contract between participating members of an investment banking Syndicate sometimes…
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mutual fund holding stocks of rapidly growing companies while these…
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securities issued by US Government sponsored entities( gse’s) end federally…
Keep readingAfter-tax Real Rate of Return
amount of money adjusted for inflation that an investor can…
Keep readingAfter Hours Dealing or Trading
trading of stocks and bonds after regular trading hours on…
Keep readingAfter Acquired Clause
clause in a mortgage agreement providing that any additional mortgage…
Keep readingAffordability Index
standard established by the National Association of Realtors( Nar) to…
Keep readingAffirmative Obligations
financial industry regulatory Authority( finra) requirement that market-makers quote firm…
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brokerage account in which Brokers discretion in making investment decisions…
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tendency of people with significant potential to file claims wanting…
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government securities exchange of return government securities prior to their…
Keep readingAdvanced detection systems ( ADS)
financial industry regulatory Authority (finra) automated surveillance system used to…
Keep readingAdjusted Or Modified Book Value
book value adjusted for market value on the balance sheet
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court-appointed individual or bank charged with carrying out the Court’s…
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income on which an individual or couple computes federal income…
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life insurance that gives a policyholder power to change the…
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contributions made by an employee into a tax-deferred savings account…
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Investment Management where the portfolio manager actively makes investment decisions…
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collateral available for securing Brokers loans or customers margin positions…
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run by the financial industry regulatory Authority (finra) Aces passes…
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dividend due, usually to Holders a cumulative preferred stock but…
Keep readingAccumulated Benefit Obligation (abo)
estimated liability of a pension plan assuming immediate termination differs…
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ratio obtained by dividing total credit sales by accounts receivable…
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short-term financing whereby accounts receivable serve as collateral for working…
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statement signed by an independent public accountant describing the scope…
Keep readingAccommodative Monetary Policy
Federal Reserve policy to increase the amount of money available…
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