To have a “duty of best execution” means that a broker or entity fulfilling a trade request has to do so at the best possible execution for their client.
The ‘duty of best execution’ is more than just a guideline - it’s an SEC law. Broker-dealers must report quarterly to the SEC on how they route customers' orders, to ensure compliance. "Best execution” refers to both timing and price.
The Pension Benefit Guaranty Corporation will insure benefits up to a point, but it may not replace the full value
Tier 1 Capital are the core asset holdings of a bank. They are disclosed, liquid, risk-averse assets, and are used by...
An uptrend is a continuous upward movement in a stock's price. A security purchased at the beginning of an uptrend...
A non-current asset is an asset on the balance sheet that is not expected to convert into unrestricted cash within a year
Net sales are the amount of sales that will actually be counted towards a company’s bottom line
Bill Collectors jobs are to extract as much payment from those who are past-due on payment obligations
With an adjustable rate mortgage (ARM) , the interest rate is lower at the beginning than the fixed-rate alternative
Currency in circulation tends to be defined as the currency held, without including long term deposits or investments
Some employers will offer legacy employees continued health care coverage even after retirement, but it isn't very common
Ripple’s XRP has the third-largest market cap in the cryptocurrency world, but what gives it value?