Without Recourse.

The term “without recourse” is often used in relation to loans. When a loan is made “without recourse”, the lender cannot come after the borrower for any additional payments if the borrower defaults on the loan. This means that the lender is taking on all of the risk associated with the loan. What is a … Read more

Certified Fund Specialist (CFS).

A Certified Fund Specialist (CFS) is a professional designation awarded by the Institute of Business & Finance (IBF) to individuals who complete a course of study in mutual funds. The CFS designation is granted to those who successfully complete the Certified Fund Specialist Program, which is a comprehensive curriculum that covers all aspects of the … Read more

What are supplies?

The definition of supplies is linked to the action of supplying, of providing someone with something they need. In economic terms, the concept of supplies is used as a synonym for supply. It consists of an activity that is developed with the purpose of satisfying the consumption needs of an economic structure, either , family, … Read more