COMMINGLED
- In securities, combining customer-owned securities with brokerage’s own accounts. This is normally illegal.
- In real estate, illegal practice of a broker combining clients’ funds with his personal funds. The law requires a broker to place the clients’ funds in an escrow fund or separate trust.
- In trust banking, pooling individual customer accounts in a fund similar to a mutual fund. The share of which is held by every contributing customer.
POPULAR TERMS
Financial Modeling
A method of constructing a financial representation of all aspects of a firm or given security. It is typically characterized by performing calcula ...
Cost Center
Department, division, or unit within an organization responsible for providing additional funding to cover operation costs. It only contributes to ...
Xenocurrency
Xenocurrency refers to a currency which is trading in foreign markets such as those outside its domestic boundaries.
Hope Credit
A nonrefundable education tax credit that may be claimed for students that have yet to complete two years of post-secondary education. The Hope Cre ...
Specific Risk
Specific risk is also known as ‘unsystematic or diversifiable risk’. It is the risk that influences only specific assets which means th ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Connection of Inflation and Interest Rates
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Ethical Investing: Its Advantages and Disadvantages
Believe it or not, ethical investing comprises a huge emotional component. Investors are human; therefore, they let emotions drive their decisions. ...
Retirement Planning: Creating a Nest Egg
Last time, we discuss the different income sources for building a retirement fund. We shall now tackle the ways to create a retirement nest egg.
A Guide to Your Personal Income Tax: Avoid Awful Surprises
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Renovate or Move?
You have a well-furnished home with a garden full of flowers and plants. Imagine sharing your beautiful abode, which has four bedrooms, a kitchen, ...
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