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Tip of the Day

Tip of the Day Borrow No More Than 30% of Your Available Credit

Borrow No More Than 30% of Your Available Credit - You should borrow no more than 30% of your available credit each month if you wish to keep your credit...

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Paid-up Capital


Paid-up Capital - Paid-up Capital is the amount in the currency paid by a subscriber or subscribers in payment of a bank stock or stocks when issued. Bank stock is unsubscribed at less than par and the payment is in cash currency. If issued at a premium it is listed paid-up capital in full. The excess over par, if the stock certificate is issued is resolved through the directors and set aside as a rest or a reserve. Funding within the meaning of the expression in the Bank Act, earning a substantial amount over the dividends paid to the current holders of stock.

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Daily Definition

Definition of the Day Enhanced Index Fund

Enhanced Index Fund - an enhanced index fund is strategy term employed to outperform traditional indexing. The fund is aimed at an index (an indicator, representing the value of a security) but the fund is also attempting to boost returns by staying clear of the index in order to...

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