Tag: person

An investor does not deal with the buying and selling procedures on his own; he has a broker do them for him. This is...

DefinitionIn economics, an absentee landlord is a person who owns and rents out a profit-earning property, but does not live within the property's local...

What is 'Backup Withholding' Backup withholding is the tax that is levied on investment income, at an established tax rate, as the investor withdraws it....

What is a 'Call Deposit Account' A call deposit account is a bank account for investment funds that offers the advantages of both a savings...

DefinitionA joint account is a bank account shared by two or more individuals. Any individual who is a member of the joint account can...

DefinitionBailment describes a legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person to another...

What is 'Underinsured Motorist Coverage Limits Trigger' One of the two triggers that can be specified by an insured party to protect...

What is a 'Dealer' A dealer is a person or firm in the business of buying and selling securities for their own...

DefinitionIn the law of inheritance, a laughing heir is an heir who is legally entitled to inherit the property of a person who has...

Being a landlord can be a very profitable business venture, but it also comes with a lot of responsibility. In this blog post, we...