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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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Prime Rate Fund

Prime Rate Fund A prime rate fund is a type of mutual fund that makes an attempt at getting the same return as the current prime rate. This is accomplished by investing in corporate debt that is likely to have a return on it. Since the prime rate is not available to all customers, and is generally reserved for these multinational corporations, there is a good chance of receiving a return. In addition, prime rate loans are given out because there is not a very good chance of a default, which can also lead to a sure return for investors in this type of mutual fund.

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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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