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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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Host Contract

Host Contract - A Host Contract is an insurance policy contract, lease and purchase contract. Known as the other financial instrument such a debt and equity, it a combination with the embedded derivative to create a new hybrid security. It is a non-derivative instrument used in business. The policyholder directs certain insurance premium investments in the investment account that includes equities. The investment account will also include bonds. Held in a separate account that is unique from the insurer's general account assets. This is not a derivative because of the unique attributes of the traditional variable annuity contracts issued by the insurance company.

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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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