LOAD FUND
A mutual fund that charges a sales commission (load) in order to cover administrative and advisory charges. The fund investor pays the load that compensates brokers, financial planners, or investment advisors, among others. The load is payable either at the time of its purchase (front-end load), the investor still holds the fund (level-load), or the shares are sold (back-end load). A no-load fund neither charges any fee nor offers any investment or financial advice.
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Robert C. Merton
American economist who won the 1997 Nobel Memorial prize in Economic Sciences, along with Myron Scholes, for developing the Black-Sholes model, whi ...
Buy Stops Above
Recommendation to purchase a given security once a security’s price surpasses a particular resistance level by putting a buy stop order at th ...
Admitted Company
An insurance company admitted and allowed by an another state to transact insurance business despite having a domiciled status on an another state. ...
Black Box Model
Computer program, process, or system processing the information entered by the user using pre-programmed logic in order to produce the user’s ...
Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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