Dormant Account Definition.

A dormant account is defined as an account that has had no activity for a period of time, typically 12 months. The account may be subject to fees and may be closed if it remains inactive for an extended period of time. Why are dormant accounts a risk? There are a few reasons why dormant … Read more

What Is a Deck in Finance?

A deck in finance refers to a group of securities that are being offered for sale by a broker. The broker will typically group together securities that are of similar type, such as stocks, bonds, or options, and offer them as a package to potential buyers. The buyer can then choose which securities they would … Read more

What is the global economy?

The concept of global economy represents the current economic system. A system that is based on competition and in the use of new technologies. The global economy thus implies a liberalization of the barriers that separate markets. Thus, this definition of the global economy is therefore closely related to the globalization and the world in … Read more