by Henry Liverman | Jul 23, 2021 | Market Definitions
Earnings from a rental property, limited partnership, or other business venture in which a person is not actively involved. As is the case with active income, passive income is generally taxable, though it is treated differently by the IRS. Colloquially, passive...
by Henry Liverman | Jul 23, 2021 | Market Definitions
A major concept in economics, opportunity cost represents the potential benefits a business or investor misses out on by choosing one alternative over another. To evaluate opportunity costs effectively, the costs and benefits of every available option must be...
by Henry Liverman | Jul 23, 2021 | Market Definitions
Based in New York City, the NYSE is the largest stock exchange in the world (based on total market capitalization of listed securities). Also known as the “Big Board,” the NYSE dates back to 1792, and many of the oldest companies publicly traded in the US...
by Henry Liverman | Jul 23, 2021 | Market Definitions
A type of account offered by banks and credit unions that generally pay higher interest rates than regular savings accounts. They also typically include higher insurance protection and check writing/debit card privileges. Though they may pay better rates, these...
by Henry Liverman | Jul 23, 2021 | Market Definitions
A person or organization legally bound to act in the best interest of their clients (and put those interests ahead of their own). Within finance, many roles may be seen as carrying fiduciary responsibility. This can be found in the relationships between trustee and...
