ADVERTISEMENT

Ask An Expert

Sponsored by

What are Management Fees?

A management fee is a charge paid to managers of an investment (such as a mutual fund) or investment portfolio for their services that is typically a certain percentage of assets under management. Management fees generally pay for trading,...

What is Liquid?

Liquid is a way to descibe an asset that can be converted into cash quickly with minimal impact to the price received. Liquid assets are generally regarded similarly to cash because their prices are relatively stable when they are sold on the open...

What is Life Insurance?

Life insurance is intended to cover funeral expenses and help protect against financial trauma that could result from the death of a family member. A named beneficiary receives the proceeds from a life insurance policy (aka "death benefit") upon...

What is a Liability?

A liability is a legally-binding obligation to settle or pay back a debt. In the case of a company, a liability is recorded on its balance sheet and can include accounts payable, taxes, wages, accrued expenses and deferred revenues. Current...

What is a Joint Account?

A joint account is any account owned by two or more people.   See Also: Your DIY Financial Planning Guide 10 Questions to Ask a Financial Advisor Ask An Advisor: How to Recover Financially From a Divorce Open a Joint 'Romance' Account The Top 3...

What is an Itemized Deduction?

An itemized deduction is an incurred expense which reduces an individual's taxable income, in accordance with IRS regulations. Itemized deductions are usually limited to 2% of adjusted gross income. Examples include mortgage interest, state and...

What is an Individual Retirement Account (IRA)?

An Individual Retirement Account (IRA) is an account designed for retirement savings that allows you to set aside money and grow it on a tax-deferred basis until withdrawals begin at age 59 1/2 or later (or earlier, with a 10% penalty). Savings in...

What is Inflation?

The opposite of deflation, inflation is the increasing price of goods and services in an economy that is often caused by a increase in the money supply. Inflation is generally measured by the Consumer Price Index and the Producer Price Index....

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

© Copyright DailyWorth 2014

ADVERTISEMENT