PUBLIC UNIT ACCOUNT
An account that holds funds provided by the United States government and its agencies. Public unit accounts include deposit accounts of the United States, including federal agencies; any state, county, municipality or a political subdivision thereof; the District of Columbia, Puerto Rico and other government territories; and accounts owned by an Indian tribe. Also known as a government account.
POPULAR TERMS
Mutual Fund
An open-ended investment vehicle that is comprised of a large pool of fund collected from several investors in order to invest it in securities suc ...
Surety
Debt guarantee backing one party by another. The individual or organization, called the guarantor, takes the responsibility of paying the debt shou ...
Treasury Yield
Return on investment on the US government’s debt obligations such as bills, bonds, and notes. Expressed as a percentage, it also refers to th ...
Reverse Mortgage
A mortgage in which the homeowner borrows against his or her home equity and receives regular payments from the lender until total payments reach a ...
Common Stock Equivalent
Securities which can be changed into common stock. There are some instances a preferred stocks can also be converted into a common stock. Also know ...
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Buying a Home: Everybody’s Goal
Since childhood, Selena has always dreamed of owning a large farm house surrounded with lots of animals – every kind of animal the world has ...
Buying a Home: Determining the Amount You Can Afford
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Buying a Home: Finding the Best House
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