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Tip of the Day Be Patient

Be Patient - Your friend has just gone out and bought a state of the art computer with all the bells and whistles and after looking at your slowpoke old...

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High Watermark

High Watermark?- This is a term that applies to whatever is the highest value a given investment fund has actually earned. This is referred to as its high watermark mark by the investors. Such value has benefit mainly in terms to those who manage the funds. They are used as a gauge to determine any bonus a specific manager will be eligible for during a given period. This is based on whether they succeeded in exceeding the high watermark level in earnings. Should the manager fail to have earnings above that level then no bonus is made available.

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Definition of the Day Mutilated Security

Mutilated Security - Mutilated Security is a damaged security that prevents a person from identifying the original issuer of the security or other necessary identifying information. If a seller is seeking to transfer the mutilated security, certain steps will have to ensure the buyer that the security is able to...

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