A trust indenture is a legal document that outlines the terms and conditions of a bond or debt offering. It serves as a contract between the issuer of the bonds and the bondholders, providing a framework for the rights and obligations of each party...

Zero-coupon bonds, also known as discount bonds or deep discount bonds, are fixed-income securities that do not pay periodic interest (coupon) payments. Instead, they are issued at a discount to their face value and provide a return to investors...

The Bank for International Settlements (BIS) is an international financial institution that serves as a central bank for central banks. Established in 1930, the BIS acts as a forum for central banks and provides a platform for collaboration,...

The Keogh Plan, also known as the HR-10 plan, is a type of retirement savings account designed specifically for self-employed individuals or small business owners. It was named after its creator, Eugene Keogh, a U.S. Representative from New York. The...

Absolute advantage refers to a concept in economics that highlights the ability of a country, individual, or business to produce goods or services at a lower cost and with higher efficiency than others. It is a comparative measure of productivity...

Aftermarket refers to the market for goods and services that become available after the initial sale of a product. It encompasses all the activities and transactions related to the maintenance, repair, upgrading, and customization of products that...

After-hours trading refers to the buying and selling of stocks and other securities outside of the regular trading hours of major stock exchanges. While traditional trading hours are typically set between 9:30 a.m. and 4:00 p.m. in the United States,...

W-8 is a form used in the United States for tax purposes, specifically for individuals who are non-resident aliens or foreign entities receiving income from U.S. sources. The purpose of the W-8 form is to establish the tax status of the recipient and...

Stock trading offers several advantages when it comes to building wealth and achieving financial independence.

Yield advantages in stocks refer to the potential benefits that investors can gain from holding stocks as part of their investment portfolio. These advantages are primarily associated with the income generated by stocks in the form of...