Brittney

What Is a Secured Bond?

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A secured bond is a type of debt instrument that is backed by some form of collateral. This collateral can take the form of real estate, cash, or other assets. The key feature of a secured bond is that the issuer has the right to seize the collateral if the borrower defaults on the loan. … Read more

What Is Recharacterization?

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Recharacterization is a tax-planning strategy used by investors to change the type of an investment account from one that is taxed at a higher rate to one that is taxed at a lower rate. For example, an investor could recharacterize a traditional IRA into a Roth IRA. The recharacterization must be done within a certain … Read more