VOSTRO ACCOUNT
Vostro Account is an account held by a correspondent bank, usually based in the US or the UK, on behalf of a foreign bank. It is also called a "loro account".
POPULAR TERMS
Broker of Record
Insurance agent assigned to represent and manage the entity’s insurance policy. The agent may receive copies of all communications to the pol ...
Foreign Branch Bank
A foreign bank obligated to follow the regulations of both the home and host countries.
B Share
It is a class under the multi-class mutual funds family. It is characterized by a back-end structure of load that is only paid when the funds are a ...
Average Annual Growth Rate - AAGR
It is the up or addition in the value of an investment in a year. Taking the arithmetic mean of the growth rate can determine the increase of the i ...
Matching Strategy
Acquiring investments by which its payouts will accord an individual or a firm’s liabilities. In this strategy, every investment portfolio is ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Income Sources for Creating Retirement Fund
We have already tackled the overview of retirement, its significance, and allocating money for it, the next we are about to discuss is looking for ...
A Guide to Your Personal Income Tax: Basics
For many filing your personal income tax is one of the most frustrating things to do. However, by planning ahead and pacing yourself, doing your ta ...
Ethical Investing: Environmentally-Conscious Investing
Environmentalist or not, as an investor, you care so much about your surroundings. Hence, you invest in companies that can reduce their negative im ...
Principles of Trading: Record Keeping and Taxation
It is imperative for every trader to maintain a precise, organized, and latest trading-related records. Hence, traders should keep both hard and di ...
Student Loans: Repaying Debts Faster
Student loans may not be paid overnight, but we want to pay it off in a fastest way possible. Is it possible?
Before anything else, one h ...
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