Open Your Eyes To Closed-End Funds

Open Your Eyes To Closed-End Funds

Fixed-income investors are often attracted to closed-end funds because many of the funds are designed to provide a steady stream of income, usually on a monthly or quarterly basis as opposed to the biannual payments provided by individual bonds. Perhaps the easiest...
Master of Public Administration – MPA

Master of Public Administration – MPA

What is a ‘Master of Public Administration – MPA’ A Master of Public Administration (MPA) is master’s level degree in public affairs that prepares recipients of the degree to serve in executive positions in municipal, state and federal levels...
System Open Market Account – SOMA

System Open Market Account – SOMA

What is the ‘System Open Market Account – SOMA’ The System Open Market Account (SOMA) is managed by the Federal Reserve Bank and contains assets acquired through operations in the open market. The assets in the SOMA serve as a management tool for the...
Caveat

Caveat

DEFINITION of ‘Caveat’ Caveat is a Latin term that means “let him beware.” There are many types of caveats in law and finance, with the most common being “caveat emptor,” meaning “let the buyer beware,” and “caveat...
Cancellation

Cancellation

DEFINITION of ‘Cancellation’ A cancellation is a notice made by a broker, to his or her client, informing him an erroneous trade was made and is being rectified. Despite the fact technology is an ever-present and ever-evolving part of daily life, trading...