Tag: fees
Managed Account
What is a managed account and what are the benefits of using one
When it comes to investing, there are a lot of different approaches...
Annual Percentage Rate
DefinitionThe term annual percentage rate of charge, corresponding sometimes to a nominal APR and sometimes to an effective APR, is the interest rate for...
Active Management
DefinitionActive management refers to a portfolio management strategy where the manager makes specific investments with the goal of outperforming an investment benchmark index. In...
Real Estate Settlement Procedures Act (RESPA)
What is 'Real Estate Settlement Procedures Act - RESPA' This act was designed to protect potential homeowners and enable them to become...
Safekeeping
What is 'Safekeeping' Safekeeping is the storage of assets or other items of value in a protected area. Individuals may...
Back Fee
What is 'Back Fee' A payment made to the writer of a compound option in the case that the call option is...
Payday Loans
DefinitionA payday loan is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday." The loans are...
Passive ETF
What is a Passive ETF and how does it work
A passive Exchange-Traded Fund (ETF) is a type of investment fund that aims to track...
Qualified Adoption Expenses (QAE)
What is 'Qualified Adoption Expenses - QAE' The necessary costs paid to adopt a child younger than 18 years of age or...
Qualified Mortgage Insurance Premium
What is a Qualified Mortgage Insurance Premium
A qualified mortgage insurance premium (MIP) is a type of mortgage insurance that homebuyers are required to purchase...