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Tip of the Day Use a Mortgage Broker

Use a Mortgage Broker - When purchasing a home, why not use a mortgage broker as he can shop around all the financial institutions and generally find you a much...

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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 Proxy Vote

Proxy Vote - Members who are actively up to date are given an opportunity to participate in the decision making process. This is inclusive with active members to approve or, reject the subject material at hand. Members involved in the election of officers through other elected members to cast a...

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