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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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Socially Responsible Fund

Socially Responsible Fund A type of mutual fund that is invested solely in companies that are up to a predetermined social standard. In many cases, you will find that a socially responsible fund will avoid making investments in tobacco or alcohol related companies because they do not believe that these companies are ethically sound. In addition, many of these mutual funds are invested in things like care centers, hospitals, and environmentally sound organizations. While the fund will only invest in these types of companies, the boundaries are flexible, since they are self imposed by the investors, rather than through a set of universal rules.

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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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