Search results for mutual funds

November 13, 2019

Definition of annuity in finance

An annuity is a product that is sold by financial institutions to investors. The investors pay in a certain amount of money over a period of time, and then at a given time (called annuitization), the ...

February 14, 2020

Bank Confirmation Letter (BCL)

What is a Bank Confirmation Letter (BCL)?DefinitionA bank confirmation letter is a letter that confirms an established loan or line of credit with a financial institution. It is a letter gotten f...