Insurance Claim

An insurance claim is a formal request you (the policyholder) make to your insurer for payment or coverage after a covered loss or policy…

Wildcat Banking

Wildcat banking describes a loosely regulated episode in U.S. financial history (roughly 1837–1865) when state-chartered banks — often set up in remote or hard-to-reach…

Licensing Fee

A licensing fee is a payment made to secure the legal right to do something another party controls — most commonly to practice a…

Unrecorded Deed

Key takeaways – An unrecorded deed is a deed that transfers real property but is not filed in the public land records (usually at…

Voluntary Trust

A voluntary trust is a trust created by a person during that person’s lifetime—also called an inter vivos or living trust—where the settlor (also…

Unchanged

• Definition: “Unchanged” describes a situation where a security’s price or rate is exactly the same at two different points in time. That interval…

The U‑6 rate

Key takeaways – The U‑6 rate is the broadest official BLS measure of labor underutilization. It includes unemployed people, those marginally attached to the…

Stockbroker

A stockbroker is a licensed financial professional who places buy and sell orders for securities (stocks, bonds, ETFs, options, etc.) on behalf of clients.…

V-shaped recovery

Key takeaways – A V-shaped recovery is a rapid and sustained economic rebound following a sharp decline; its chart of economic metrics resembles the…

Value Added Monthly Index Vami

• VAMI (Value Added Monthly Index) shows how a hypothetical starting investment grows month-by-month when all distributions are reinvested and fees already are deducted…