What Does Fiduciary Duty Mean?
Fiduciary duty is a legally-enforceable term that refers the responsibility of trustees to behave in their best interest of the beneficiary. The trustee oversees or controls the property and other…
What is Annuity fund?
An annuity company manages annuity funds to make sure that they have enough funds to guarantee stable and consistent annuities to those who put their money into annuity funds. An…
What is Accredited Financial Counselor
The Association for Financial Counseling and Planning Education (ACFPE) is an independent organization which sets the standards to AFC training and accreditation. ACFPE establishes an ethical code that outlines the…
What is Asset Location?
Asset location is a crucial aspect of the management of business and finance. It's the strategic location and monitoring of assets to maximize returns, reduce taxes, and decrease the chance…
What is Asset Management?
Financial asset management refers to the process of managing assets in an investor's portfolio. It is usually done by a company that provides financial services. It's a strategy to increase…
What is the definition of an Agency Bond?
A bond issued by an agency is a kind of credit security that is issued either by a government-sponsored entity (GSE) or an agency of the federal government. The goal…
What is the Maternity Allowance?
Maternity Allowance is a government-funded weekly payment available to pregnant women or has recently given birth. If you don't qualify for Statutory Maternity Pay, you'll generally get it. Maternity Allowance…
What is Loan Charge?
The Loan charge was implemented in the Finance (no. 2) Act 2017, is a 45 percent charge on all payroll remuneration derived from loans made since 1999. The 2019 loan…
What is a Fiscal Year?
A fiscal year is a 12-month period during which a company, government, or other organisation reports its finances and budgets. The fiscal year can vary depending on the company and…
What is Direct Debit?
Direct debit is a standard payment system in the United Kingdom in which customers grant authorization to retailers, organizations or third parties to take payments from their bank accounts. Authorization…