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Tip of the Day Borrow No More Than 30% of Your Available Credit

Borrow No More Than 30% of Your Available Credit - You should borrow no more than 30% of your available credit each month if you wish to keep your credit...

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Transfer Agent

Transfer agent- It is a person who is appointed the reasonability and duties to be carried out by a company or mutual fund to maintain a shareholders records they include purchases, sales or the account balance. Normally a transfer agent is a bank or a trust company. Many of the larger companies have there own transfer agent on staff. They are the ones that monitor the companies or the investor's stock s, bond or other securities. A transfer agent usually safeguards securities owned a mutual fund as they act as the agent from that company they are sometimes called a mutual fund custodian.

 

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Definition of the Day Exchange Traded Note

Exchange Traded Note - An exchange traded note is also known as an ETN. This is a type of security debt that combines features of a bond and feature of an exchange traded fund. Exchange traded notes can be traded on the NSE, and other such exchanges, but can be...

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