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Tip of the Day

Tip of the Day Buy Airline Tickets as Far in Advance as Possible

Buy Airline Tickets as Far in Advance as Possible - We all like to save on our vacations as that allows for great spending when we make our travel destination....

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Side Pocket

Side Pocket When a hedge fund opens a second account for its illiquid assets, it is called a side pocket. This keeps these assets separate from the liquid assets of the hedge fund, which provide benefits for certain members of the fund. The only people who stand to make considerable gains from a side pocket are those who are original members of the hedge fund. Anyone who has joined since the fund was started will not make any money from this type of account because this separate account will not apply to the investment that they have made since the account opened.

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Definition of the Day Nominal Value

Nominal Value - Nominal Value is the apparent worth or the known nominal value shown on the principal, the face, and the side, of a bill of exchange, currency, security, stock, share, bond, or the other type of financial instruments. The par value of a loan stock, bond, preferred stock,...

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