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Tip of the Day Be Aware of Other Deductions

Be Aware of Other Deductions - As part of filing your income tax you need to educate yourself as far as what deductions are allowable. Each year the government...

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Drawn Securities

Drawn Securities - Drawn Securities are forms of capital that an investor redeems for profit. It merely is receiving payment for selling shares of stock. Drawn Securities can be derived from different sources of the financial world. Drawn Securities can be obtained from bonds, or loans paid back. They also can come from redeeming funds from common stock, or mutual funds prior to maturity. A security (in forms of stock, loans, notes or government or private corporations) that is withdrawn and sold back to the investor is a Drawn Security. Any form of financial redemption back to the shareholder, is considered a drawn security.

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Definition of the Day Scholarship

Definition: A monetary award, usually based on either academic merit or financial need (or both), that can be applied to...

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