Odella 
A ROSCA is a type of informal savings club. Members of a ROSCA agree to make regular contributions into a common fund. The fund is then used to make loans to member of the group. The loans are typically given out in order of rotation, so that everyone in the group gets a chance to … Read more
A security is considered “defeased” when all of the payments on the security have been made and the security is no longer outstanding. This typically happens when the security matures and is paid off in full. What are defeasance costs? Defeasance costs are the costs associated with prepaying a bond. In order to prepay a … Read more
Net proceeds from the sale of a security are the funds received from the sale minus any commissions or fees paid. For example, if an investor bought a security for $1,000 and sold it for $1,200, the net proceeds would be $1,200 minus any commissions or fees paid. Whats the definition of proceeds? Proceeds is … Read more
A Flexi-Cap Fund is a type of mutual fund that invests in a mix of large, medium, and small-sized companies across different sectors. The fund manager has the flexibility to change the allocations to different companies and sectors, based on market conditions. Flexi-Cap Funds are also known as Flexible Capital Funds. What is difference between … Read more
An estate is the property of an individual at the time of their death. All real and personal property, including money and other assets, are included in the estate. The estate is responsible for any debts and liabilities the individual may have. The estate is divided among the heirs according to the individual’s will or, … Read more
The concept of copyleft is an implementation of the copyright. It arose with the purpose of protecting the free circulation of the computer code and the knowledge it contains. Use copyright law to protect freedom of copying, modification, and redistribution, rather than restricting it. A definition of copyleft would be the system that allows the … Read more
