What does 'Illiquid' mean
Illiquid refers to the state of a security or other asset that cannot easily be sold or exchanged for cash without...
What is 'Accelerated Amortization'
Extra payments made toward the reduction of a mortgage's principal balance. In the case of accelerated amortization, the loan borrower is...
DefinitionLife insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary...
What is 'Absorbed' 1. In a general business sense, when a cost is treated as an expense instead of being passed on...
What is 'Qualified Joint And Survivor Annuity - QJSA'
An annuity payment from a qualified plan or 403(b) account that provides a life annuity to...
What is 'UBS' A multinational diversified financial services company headquartered in Switzerland. UBS is involved in virtually all major financial activities, including...
DefinitionThe pairs trade or pair trading is a market neutral trading strategy enabling traders to profit from virtually any market conditions: uptrend, downtrend, or...
DefinitionReal estate investment clubs are clubs formed by individuals who want to invest specifically in real estate. Real Estate Investment Group What is...
What is 'Unamortized Bond Premium' The difference between the par-value or face-value of a bond and the price above this face value,...
DefinitionIn probability theory and statistics, kurtosis is a measure of the "tailedness" of the probability distribution of a real-valued random variable. In a similar...