Adey A capped rate is an interest rate that is allowed to rise to a certain predetermined level, after which it is capped, or fixed, at that level. This type of interest rate is often used in mortgage products, where the interest rate may be allowed to rise in line with market rates, but will not … Read more
A straight bond is a bond that pays periodic interest payments and repays the face value of the bond at maturity. Straight bonds are the simplest type of bond and are the most common type of bond issued by corporations. What are the 5 types of bonds? 1. Treasury bonds: These are bonds issued by … Read more
Matching orders definition: An order is an instruction to buy or sell a security at a specified price. Orders can be placed with a broker-dealer by phone, online, or in person. A match occurs when a buyer’s order is paired with a seller’s order, and a trade is executed. The price at which the trade … Read more
The ability to understand financial plans is a critical skill for anyone who wants to be financially successful. A financial plan is a road map that shows you where you are today, where you want to be in the future, and how you can get there. Creating a financial plan can be a daunting task, … Read more
