Testate Financial Glossary
What is it? A person who has made a valid Will.Finance Term Definition Added By: Jayden
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Other Similar Finance Terms:
Financial Term Money Market Mutual Fund is A type of mutual fund that invests in stable, short-term securities. These funds are designed to be easily convertible into cash, and are structured to maintain an unchanging value of $1 a share. Only the yield is supposed to fluctuate.Financial Term Parent Contribution is A quantitative estimate of the parents ability to contribute to postsecondary educational expenses.
Financial Term CAT is Short for Charges, Access and Terms, CAT refers to a voluntary standard set by the government for ISAs.
Financial Term par is (1) The principal or maturity value of a non-amortizing, debt security.(2) The current face of a mortgage-backed security.(3) The price at which the face value of a debt security equals its selling price or 100.(4) For stocks, the face or nominal amount of a share.
Financial Term enterprisewide risk management (ERM) is An integrated approach to measuring and managing risks within a financial institution. ERM, as opposed to traditional separate, silo based, risk analysis, recognizes that risks are inter-related and often have common drivers. For example, the macroeconomic conditions related to high interest rates impact credit risk in addition to interest rate risk. Moves to ERM are partially driven by the Basel II capital guidelines and related rules issued by national banking regulators.