The International Monetary Fund (IMF) has recently announced that it would launch its $1 trillion lending capacity as a strategy to help developed and developing countries fight against the coronaviru...
What Is A Trust FundWhen the trust fund is mentioned, what comes to our imagination is a spoilt rich kid living off on the wealth of his or her past parent. As a result of this people often associate ...
On Monday, Feb 24, 2020, Bernama state news agency reported that subsidiaries of Goldman Sachs (GS) numbering three pleaded not guilty to charges of misleading investors regarding $6.5 billion i...
DefinitionA bank run is a term used to describe a situation where bank customers withdraw all the money in their deposit accounts for fear that the bank insolvency. The more customers withdraw their m...
What Are Index FundsAn index fund is a group of bonds, stocks and other types of securities that are used in tracking market index. Market index denotes a compilation of securities representing a part...
What is a Balanced Fund?DefinitionA balanced fund, also known as asset allocation fund, is commonly classified by its equal asset allocation in a single portfolio. It is a mutual fund that compri...
The American Opportunity Tax Credit (AOTC) The American Opportunity Tax Credit (AOTC) is a tax credit for education expenses for a qualified student (who is a taxpayer) for the first four...
11th District Cost of Funds Index is a monthly cost of fund index (COFI) portraying the weighted average interest paid by western states financial institutions on savings and checking accounts. The fi...
Are you in search of a high-yield savings account that gives the best interest rate on your savings? In this article, we would be exploring the top 10 High-Yield Banks savings account and their intere...
What are bonds?Bonds refer to fixed income instruments that represents a loan, made by an investor to a corporate or government borrower. Bonds can be viewed as an agreement between a lender and a...