Martingale System Definition.

A Martingale system is a system of money management in which the dollar value of a trader’s position is increased after a loss so that the first profit taken equals the total of all previous losses. The theory behind a Martingale system is that by increasing the size of the position after a loss, the … Read more

SEC Form N-2 Definition.

SEC Form N-2 is a registration statement filed with the Securities and Exchange Commission (SEC) by investment companies that offer securities in multiple classes. The form provides information about the investment company’s organizational structure, investment objectives, and principal investment strategies. Who must file a Form 4? According to the U.S. Securities and Exchange Commission, any … Read more

First Notice of Loss (FNOL).

The First Notice of Loss (FNOL) is the first notification to an insurance company that a policyholder has suffered a loss. The FNOL is typically made by the policyholder, but can also be made by an authorized representative, such as a broker or agent. The FNOL is an important step in the insurance claims process, … Read more