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Tip of the Day

Tip of the Day Never Spend More Than 2 Times Your Income On A Home

Never Spend More Than 2 ? Times Your Income On A Home - Half the trick to buying a home is knowing what you can afford to spend...

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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 Turnover

Definition: In mutual funds, it's the percentage of total shares in the portfolio that are traded in a given period (usually a year). TeenAnalyst Advice: Investors prefer mutual funds with lower turnover rates because they have lower fees than those with higher turnover rates.  Also, if a mutual fund is constantly...

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