Finance Reference

What is 'Cabinet Crowd' Members of the NYSE who typically trade in inactive bonds. The cabinet crowd is made up of a...

What is 'National Average Wage Index - NAWI' An index calculated annually by the Social Security Administration (SSA) based on wages subject...

What is 'Validation Period' The amount of time necessary for the premium on an insurance policy to cover the commissions, the cost...

Preparing for retirement is one of the most important financial steps in life. Getting ready for retirement means reviewing your finances and goals so...

What is copy trading? Ever wished you could copy the trading strategies of successful traders? That's exactly what copy trading allows you to do. It...

Walking an Airbnb sounds easy until the payments, taxes, and charges start piling up. You may’ve started out with one asset, but now you’re...

DefinitionIn underconsumption theory in economics, recessions and stagnation arise due to inadequate consumer demand relative to the amount produced. It means that there is...

What is CDO (Collateralized Debt Obligation)? Collateralized Debt Obligation or CDO is a financial product that brings together assets that can generate cash flow...

DefinitionHome insurance, also commonly called homeowner's insurance, is a type of property insurance that covers a private residence. It is an insurance policy that...