A joint account is a bank or investment/brokerage account shared between two or more adults (Tenants). Any Tenant can enact transactions.
All in Finance
To pay for education-related expenses, an Education Savings Plan offers an advantage(s) over traditional savings accounts.
A Performance Measure quantifies money returned to an investor for a given asset.
Broker-Dealer
A Broker is in the business of buying & selling securities on behalf of others. A Dealer does so on its own behalf.
Benchmark
A Benchmark is a standard by which a security’s performance is compared. A Benchmark is usually an index of securities of the same or similar class.
Yield Curve
For bonds of the same credit quality, the Yield Curve is a graphical representation of yields versus maturities.
Monetary Policy
Monetary Policy is used by central banks to control the supply of money and thus, economic conditions.
A Custodian provides safekeeping of assets. In addition, they also provide account administration, record keeping, and statement & tax reporting.
A Commission is a form of compensation that a Broker or Sales Agent charges for each transaction. Commissions have inherit conflicts of interest.
A Financial Advisor is any person who engages in the business of providing advice with respect to investing in securities.
A Security (e.g. stock, bond, etc.) is a financial instrument representing a legal agreement, document or certification that has intrinsic monetary value.
Business Cycle
A Business Cycle represents the cyclical nature of economic expansions and contractions as measured by GDP growth over time.
Fiscal Policy
Fiscal Policy is the means by which Governments attempt to control the economy. Central banks use Monetary Policy, but governments use Fiscal Policy.
Financial Markets are forums in which traders buy and sell securities. The markets include Primary & Secondary Markets and with First & OTC Markets