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Tip of the Day Choose the Right Car Insurance

Choose the Right Car Insurance - Before buying a new car, it is always wise to find out exactly how much coverage you require and only buy enough insurance to...

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Commission Broker

Commission Broker - A commission broker is independent broker, who received payment in the way of commission by taking a percentage of the value of a transaction that takes place on an asset. A commission broker is either individual or a firm's representative who acts as a go-between for the buyer and the sell and generally charges a commission for the transactions enacted. These representatives are required to have a license. This percentage can range in price depending on the individual broker involved in the transaction; therefore, it is usually good to know your broker, so you know what fees you will pay.

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Definition of the Day Aged Fail

Aged Fail - Aged fail is a security transaction that has failed to be completed over the required thirty-day period. This happens, generally, when one of the involved parties fails to deliver the cash, or the securities, within a specific time period, generally the thirty days mentioned previous, although the...

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