Financial terms

November 02, 2022

What is a Callable Bond?

A bond that can be redeemed by the issuer before the specified maturity date is reached is referred to as a callable bond, sometimes called a redeemable bond. A callable bond enables the is...

October 31, 2022

Interval Funds

What is an Interval Fund? An Interval Fund is a type of closed-end fund which provides investors with liquidity at predetermined intervals, usually quarterly, semiannually, or annually. ...

October 31, 2022

Outstanding Checks

What is an Outstanding Check?A check (or 'cheque') that has been written but hasn't been cashed or deposited by the payee is known as an outstanding check. The person or organization writing the check...

October 31, 2022

Bid and Ask Prices

The best possible price that buyers and sellers in the market are willing to deal at is referred to as the bid and ask. In other words, the terms "bid" and "ask" relate to the best price at which...

October 28, 2022

What is a Limit Order?

A limit order is a buy/sell order that specifies a maximum price to be paid or a minimum price to be received for a stock. Only at the specified limit price or more will the order be executed. A&n...

October 27, 2022

Load vs No-Load Mutual Funds

The operational and administration costs for running a mutual fund are measured by the expense ratio, which is a percentage calculated on the assets managed by the fund. A mutual fund that doesn'...

October 14, 2022

What is (YOY) Year-Over-Year?

The term year-over-year (YOY), sometimes known as year-on-year, is widely used in finance to compare two or more observable happenings annually. YOY performance can be used to determine if ...

October 13, 2022

What is Cum Laude?

Cum laude, which in Latin means "with praise" or "with honor," denotes a certain level of academic success accorded to students. The phrase is used by educational institutions to describe an acad...