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Brokers Note Financial Glossary

What is it? The document recording the details of an investors dealing transaction.

Finance Term Definition Added By: Lily

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Financial Term Private mortgage insurance is Default insurance on conventional loans provided by private insurance companies. See mortgage insurance.

Financial Term Annuity is A stream of equal payments to an individual, such as to a retiree, that occur at predetermined intervals (that is, monthly or annually). The payments may continue for a fixed period or for a contingent period, such as for the recipients lifetime. Although annuities are most often associated with insurance companies and retirement programs, the payment of interest to a bondholder is also an example of an annuity.

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Financial Term Prospectus is For mutual funds and variable annuities, a legally required document that details investment objectives, history and performance, and describes an investments operation, fees and other legal and financial information. Filed with the Securities and Exchange Commission, a prospectus can help investors make more informed investment decisions and should be read before investing (see Mutual Fund, Variable Annuity, Securities and Exchange Commission).

Financial Term UGMA is (see Uniform Transfers to Minors Act)