“Pari-passu” is a Latin phrase meaning “equal footing,” typically in reference to treatment of creditors or beneficiaries when assets are distributed.
Some examples of pari-passu in practice would be bankruptcy proceedings when credits are given ‘equal access’ to assets of the company, or in a probate hearing when assets are divided equally amongst beneficiaries.
As a rule of thumb, life insurance should not be considered an investment, since it’s purpose is to provide insurance
Whether or not you need a trust depends on several factors, some of which include: your level of assets, the...
To be “long” means to own a security, and to essentially be bullish on it. When people buy stocks, they are "long"
Oversold describes a situation in which a security has an inherent value greater than it's price, due to low demand
A business with a fast ‘cash conversion cycle’ can efficiently use funds to fulfill the different needs of the business
Debt consolidation allows people to pay one bill a month towards their debt obligation, rather than many
The home market effect (HME) is a theoretical term used in trade theory economics, describing the concentration of an...
Income risk is the chance that an investment which is used for income will fluctuate in an unfavorable way
The mortgagor is the borrower in a mortgagor/mortgagee relationship, where the mortgagee is the lending institution
A life estate is often created by an older parent when they sign over the house to their adult children