Qualified Joint And Survivor Annuity (QJSA)
What is 'Qualified Joint And Survivor Annuity - QJSA' An annuity payment from a qualified plan or 403(b) account that provides a life annuity to the participant and a survivor annuity for the spouse after the participant's death. QJSA rules apply to money-purchase pension plans, defined-benefit plans and target benefits. They can also apply to profit-sharing and 401(k) plans, but...
UBS
What is 'UBS' A multinational diversified financial services company headquartered in Switzerland. UBS is involved in virtually all major financial activities, including retail and commercial banking, investment banking, investment management and wealth management. UBS has a major presence in the United States and has its American headquarters in New York City. Explaining 'UBS' The...
Pairs Trade
DefinitionThe pairs trade or pair trading is a market neutral trading strategy enabling traders to profit from virtually any market conditions: uptrend, downtrend, or sideways movement. This strategy is categorized as a statistical arbitrage and convergence trading strategy. The pair trading was pioneered by Gerry Bamberger and later led by Nunzio Tartaglia's quantitative group at Morgan Stanley in the...
Real Estate Investment Group
DefinitionReal estate investment clubs are clubs formed by individuals who want to invest specifically in real estate. Real Estate Investment Group What is a 'Real Estate Investment Group' A real estate investment group is an organization that builds or buys a group of properties and then sells them to investors as rental properties. In exchange for finding...
Unamortized Bond Premium
What is 'Unamortized Bond Premium' The difference between the par-value or face-value of a bond and the price above this face value, at which the bond has been issued. Unamortized bond premiums do not include any interest that has been amortized or written off. Also referred to as the amount between the face value...
Kurtosis
DefinitionIn probability theory and statistics, kurtosis is a measure of the "tailedness" of the probability distribution of a real-valued random variable. In a similar way to the concept of skewness, kurtosis is a descriptor of the shape of a probability distribution and, just as for skewness, there are different ways of quantifying it for a theoretical distribution and corresponding...
Valuation
What is a 'Valuation' Valuation is the process of determining the current worth of an asset or a company; there are many techniques used to determine value. An analyst placing a value on a company looks at the company's management, the composition of its capital structure, the prospect of future earnings and market value of assets. ...
National Association Of Real Estate Investment Trusts (NAREIT)
What is 'National Association Of Real Estate Investment Trusts - NAREIT' A trade association that represents U.S. Real Estate Investment Trusts (REITs) and publicly traded real estate companies. In essence, NAREIT works as a lobbyist for both of these groups when dealing with individuals who legislate the two respective industries. Explaining 'National Association Of Real...
Assets
Any resource which has an economic value is termed as an asset. An asset is controlled by either an individual or an organization in the hope of generating benefits from it in the future. Doing business can also be termed as an activity in which assets are employed to generate profits through a mechanism.Asset in FinanceAsset also holds a...
Fair Value
DefinitionIn accounting and in most Schools of economic thought, fair value is a rational and unbiased estimate of the potential market price of a good, service, or asset. It takes into account such objective factors as... Fair Value What is 'Fair Value' Fair value is defined as a sale price agreed to by a willing buyer and...