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A redemption charge is a charge applied when you redeem shares of a mutual fund in a deferred commission purchase structure.

What was the Tax Reform Act of 1986? Hit play to find out.

Maturity is, quite simply, the date when a debt becomes due. As for our maturity, well... we're still giggling about the word "due."

The Investment Company Act of 1940 regulated and ensured fair dealings in the mutual fund industry.

What is Counterparty Risk? Counterparty risk is the risk to either party within a transaction that the other will not or be unable to abide by the...

What are Bond Anticipation Notes (BANS), Revenue Anticipation Notes (RANS), and Tax Anticipation Notes (TANS)? BANS, RANS and TANS are all short-te...

What do you need to retire? Retirement - think: 401k, pension fund, IRA, roth IRA, etc. All of these savings socked away while you worked hard are...

Term to maturity is kind of the life cycle of a bond, but luckily for the bond, it gets to skip puberty.

What are securities? Using the word securities is just a fancy way to say investments, for the most part. These particular investments include stoc...

What is Contingent Liability? Contingent liability refers to a possible liability in the future contingent upon some other event being the trigger....

Power of attorney refers to the authorization to conduct business on legal and financial matters on behalf of another party. So...choose wisely.

What is Yield to Maturity? When calculating bond yields, the yield to maturity is the interest rate that an investor would ultimately accumulate if...

A moral obligation bond is a bond that is paid or backed by a well-heeled, better funded entity should the bond default.

What is liquidity? Think: water. It's liquid. It can be squeezed into little, tiny spaces and infused into large spaces. A defining trait of liquid...

What's a yankee bond, and does it stick a feather in its cap and call it macaroni?

What is AMBAC? AMBAC stands for American Municipal Bond Assurance Corporation. It provides insurance for municipalities that sell muni bonds, such...

The Federal Open Market Committee's purpose is to manage financial outcomes through monetary policy.

A trust deed lays out the rights and obligations of the bank underwriting the purchase of inventory/assets. That said, it won't catch you in a trus...

What is a partnership? A partnership is an arrangement where two or more parties agree to form a business in cooperation with each other. Partnersh...

NASD is the National Association of Securities Dealers, a self-regulating organization that was ultimately replaced by FINRA.