What Is Superannuation?

Superannuation is a retirement savings plan that is available to employees in Australia. It is a long-term investment vehicle that allows employees to save for their retirement. The money that is saved in a superannuation fund can be used to provide an income in retirement. Superannuation is a tax-effective way to save for retirement. The … Read more

Bank Deposits.

Bank deposits are monies placed into a deposit account at a banking institution. These accounts can take the form of savings accounts, checking accounts, or certificates of deposit (CDs). Bank deposits are made by bank customers and represent a major component of the money supply in most countries. In the United States, bank deposits are … Read more

What Is a Range Accrual?

A range accrual is a type of interest rate swap in which the floating leg of the swap pays periodic interest payments based on a underlying reference rate, less a predetermined spread, while the fixed leg pays a fixed rate of interest. The payments on the floating leg are based on the difference between the … Read more

Bearer Form.

The bearer form refers to a document that is used to evidence the ownership of a security. The document is typically in physical form and is transferred between parties through the delivery of the document. The bearer form also typically does not have the owner’s name on it, which makes it easy to transfer ownership … Read more