Finance

The total expense ratio (TER), commonly referred to as the “net expense ratio” or “after reimbursement expense ratio,” is a calculation of a fund’s overall…

The gross rate of return on an investment is the overall rate of return before any fees, commissions, or expenses are deducted. This rate is…

A guaranteed renewable policy is one that protects the insured from policy termination as long as the payments are paid on time. While re-insurability is…

A mortgage bond is backed by a mortgage that is often backed by real estate property as security. The assets are sometimes referred to as…

The mortgage interest deduction is an itemized deduction for house mortgage interest. It’s a frequent itemized deduction that lets homeowners deduct the interest they pay…

A home equity loan often referred to as an equity loan, a home equity installment loan, or a second mortgage is a type of loan…

A collateral trust bond, also known as a collateral trust certificate or a collateral trust note, is backed by the bond issuer’s financial assets. It’s…

The assets of a dynasty trust can be protected in perpetuity from the creditors of the trust’s beneficiaries since the trust owns the property, not…

The conditions of an irrevocable trust cannot be changed, amended, or terminated without the consent of the grantor’s named beneficiary or beneficiaries. It’s one that…

A reverse Morris trust (RMT) is a tax-saving strategy that allows a firm to spin off and then transfer assets to an interested party while…

A declaration of trust, also known as a nominee declaration, is a legal document that appoints “trustees” to keep the property for “beneficiaries.” It’s a…

The intended transfer of a title to a property from one individual to another by a deed is known as voluntary conveyance. The term “consideration”…