The Dow Jones Industrial Average (DJIA) is an index comprised of 30 'significant' U.S. stocks, typically the biggest and most frequently traded.
The Dow Jones Industrial Average was created in 1896 by Charles Dow, as a way to track the general trend of U.S. stocks. The index is price-weighted versus cap-weighted, meaning that if a company splits 2 for 1 it's contribution to the index will drop by half (even though the value of the company did not change).
For this reason, even though it is arguably the most widely-followed index, it is not an optimal reflection of the markets and the economy.
Contributions to a 401(k) account are generally taken out of compensation during payroll, before taxes are withheld
The IRS adjusts the contribution limits year to year to accommodate cost-of-living adjustments
A 457 is only slightly different than a 401(k), but the differences can be important
Variable Universal Life Insurance benefits the very wealthy, since there is no cap on contributions or income for eligibility
A swap is an over-the-counter agreement between institutions to "swap" one thing for another, usually cash flow
Market Risk Premium refers to the expected return on a risk asset, minus the risk-free rate
When a lending institution offers a Bank Guarantee, they are reducing the risk by guaranteeing payment to the seller
Liar loans are a term that refers to loans or mortgages that were granted with little or no request for documentation
Bond insurance is a contract that protects the issuer and the holder of bonds from the risk that bond payments will...
Life insurance contracts sometimes contain provisions where death benefits can be paid out while alive. Called “accelerating”