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Tip of the Day Refinance Your Mortgage if You Can Cut At Least One Point

Refinance Your Mortgage if You Can Cut At Least One Point - Refinancing a mortgage only makes good sense if you are going to save more than 1% on the...

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Exchange Fund

Exchange fund - A exchange fund is a type of investment fund where investors having significant holdings in a single stock can exchange that stock and diversify meaning they can exchange the holdings in that stock for smaller units or assets in a portfolio. Because no sale has actually taken place and no capital gain has occurred the exchange of stock for other assets is not deemed taxable. Exchange funds are a great way to diversify holdings while deferring taxes on capital gains. There are public and private exchange funds. A private exchange fund will facilitate investors of private equity holdings to diversify their shares, which are not made public. An exchange fund is also known as a swap fund.

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Definition of the Day Chairman of the Board

Chairman of the Board - the chairman of the board is the highest official or officer of a board of directorship. The Chairman of the board is the top official in corporate meetings, and is sometimes given executive authority over the entire company, depending on the structure of the corporation....

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