Managing Wealth

  1. Customer Information File (CIF)

    A Customer Information File (CIF) is a computerized file that stores all pertinent information about a bank customer's personal ...
  2. Private Banking Versus Wealth Management

    Discover the various ways in which private banking and wealth management services coincide, as well as the significant differences ...
  3. 529 Savings Plan

    A 529 Savings Plan is a tax-advantaged college savings account created by a holder for a designated beneficiary, for tuition, ...
  4. Amortization

    Amortization is an accounting technique used to incrementally lower the cost value of a finite life or intangible asset through ...
  5. Pre-IPO Placement

    Pre-IPO placement is when a portion of an initial public offering (IPO) is placed with private investors right before the ...
  6. Is there a difference between capital gains and dividend income?

    Selling something for a profit leads to capital gains. A payment made by a corporations to stockholders is a dividend. Both ...
  1. Decamillionaire

    Decamillionaire is a term used for someone with a net worth of over 10 million of a given currency, most often U.S. dollars, ...
  2. Trust-Owned Life Insurance (TOLI)

    Trust-owned life insurance is insurance that resides inside a trust. It is used by many high net worth individuals as the ...
  3. Joint

    Joint is a legal term describing a transaction or agreement where two or more parties act in unison.
  4. Payout Phase

    The payout phase is the phase in an annuity during which payments are made to the annuitant, usually in monthly payments.
  5. Life Expectancy Method

    A life expectancy method calculates IRA payments by dividing the balance of a retirement account by the policyholder's anticipated ...
  6. Systematic Withdrawal Schedule

    Systematic Withdrawal Schedule is a method of withdrawing funds from an annuity account in specified amounts for a specified ...
  1. Timeshares: Dream vacation or money pit?

    Everything you need to know about timeshares. This popular real estate product has its advantages, but don't expect to make ...
  2. IRS Publication 527 - Residential Rental Property (Including Rental of Vacation Homes)

    An Internal Revenue Service (IRS) document providing tax information to those who rent out their residential properties for ...
  3. Form 4952: Investment Interest Expense Deduction

    Form 4952: Investment Interest Expense Deduction, is an Internal Revenue Service tax form determining the investment interest ...
  4. Joint

    Joint is a legal term describing a transaction or agreement where two or more parties act in unison.
  5. Conditional Sales Floater

    A conditional sales floater is a type of insurance that protects a seller of property that is purchased in installments or ...
  6. Appraisal

    An appraisal is a valuation of property (ie. real estate, a business, an antique) by the estimate of an authorized person. ...
  1. National Australia Bank (NAB)

    The National Australia Bank is one of the major banking entities in Australia. It provides a wide range of financial services.
  2. Trust-Owned Life Insurance (TOLI)

    Trust-owned life insurance is insurance that resides inside a trust. It is used by many high net worth individuals as the ...
  3. Mortgage Life Insurance

    Mortgage life insurance is designed specifically to repay mortgage debt in the event of the death of the borrower.
  4. Life Expectancy Method

    A life expectancy method calculates IRA payments by dividing the balance of a retirement account by the policyholder's anticipated ...
  5. Viator

    A viator is a person with terminal or a life-threatening illness who sells a life insurance policy at a steep discount to ...
  6. Adjustable Premium

    An adjustable premium is an insurance premium that can change over time based on a policy that is agreed to at the outset ...
  1. Accounting

    Accounting is the systematic and comprehensive recording of financial transactions pertaining to a business.
  2. Underpayment Penalty

    Underpayment penalty is a tax penalty enacted on those who fail to pay enough of their total estimated taxes.
  3. Charitable Contributions Deduction

    Within certain limitations, the Charitable Contributions Deduction allows taxpayers to deduct their cash and property contributions ...
  4. Stock Savings Plan

    A plan where residents of some Canadian provinces receive provincial income tax credits for purchasing initial public offering ...
  5. Recognized Loss

    Recognized loss is when investments are sold for less than their purchase price, it may be reported for income tax purposes ...
  6. IRS Publication 527 - Residential Rental Property (Including Rental of Vacation Homes)

    An Internal Revenue Service (IRS) document providing tax information to those who rent out their residential properties for ...
  1. Net Worth of Cristiano Ronaldo

    Find out Cristiano Ronaldo's net worth and how he became one of the richest athletes in the world.
  2. 5 Highest-Paid Soccer Players

    Take a look at who the highest-paid soccer players are and how they compare with each other.
  3. Decamillionaire

    Decamillionaire is a term used for someone with a net worth of over 10 million of a given currency, most often U.S. dollars, ...
  4. How did Warren Buffett get started in business?

    Warren Buffett may have been born with business in his blood, but it was a brush with Benjamin Graham that put him on his ...
  5. Bona Fide Foreign Resident

    A Bona Fide Foreign Resident is a resident of a foreign country for an entire tax year, who the IRS deems eligible for the ...
  6. Gross-Income Test

    The Gross-Income test is one of the five tests where dependents may not exceed certain earnings annually.
Hot Definitions
  1. Inflation

    Inflation is the rate at which prices for goods and services is rising and the worth of currency is dropping.
  2. Discount Rate

    Discount rate is the interest rate charged to commercial banks and other depository institutions for loans received from ...
  3. Economies of Scale

    Economies of scale refer to reduced costs per unit that arise from increased total output of a product. For example, a larger ...
  4. Quick Ratio

    The quick ratio measures a company’s ability to meet its short-term obligations with its most liquid assets.
  5. Leverage

    Leverage results from using borrowed capital as a source of funding when investing to expand the firm's asset base and generate ...
  6. Financial Risk

    Financial risk is the possibility that shareholders will lose money when investing in a company if its cash flow fails to ...
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