Tag: important

What is 'Water Damage Clause' A clause in a property-casualty insurance contract. A water damage clause states that the insured is covered...

What is 'Waterfall Concept' A life insurance plan that provides a tax benefit in regards to intergenerational transfers of wealth. The concept...

DefinitionWealth management is an investment-advisory discipline which incorporates financial planning, investment portfolio management and a number of aggregated financial services. High-net-worth individuals, small-business owners...

What is 'Gann Fans' A form of technical analysis based on the ideas that the market is geometric and cyclical in nature....

DefinitionGary Stanley Becker was an American economist and empiricist. He was a professor of economics and sociology at the University of Chicago. Described as...

DefinitionThe Gann angles are named after W. D. Gann, a 20th-century market theorist. Gann described the use of the angles in the stock market...

Definition A financial process is said to be tax efficient if it is taxed at a lower rate than an alternative financial process that achieves...

What is a tax cheat and why do they do it A tax cheat is someone who doesn't pay their taxes, or who pays less...

What is 'Take-Out Commitment' A specific type of mortgage purchase agreement. Under a take-out commitment, a long-term investor agrees to buy a...

DefinitionIn finance, a day count convention determines how interest accrues over time for a variety of investments, including bonds, notes, loans, mortgages, medium-term notes,...