|
Today's Terms
Offshore Financial Centers OFC
Definition:
A recent study found that by the end of 1997, the share of cross-border assets held in the offshore sector ($4.8 trillion) accounted for more than half of all cross-border assets held globally.
Bonds
Definition:
Essentially loans or debt. When someone lends you money, he or she gets an IOU that promises the loan will be repaid with interest. When you buy a bond, you're basically buying that IOU. A bond certificate is like an IOU: it shows the amount loaned (principal), the rate of interest to be paid on the loan and the date that the principal will be paid back (maturity date). Bonds can be issued by government agencies, such as the U.S. Treasury and by corporations to raise money.
Beneficiary
Definition:
The person who receives the benefits or gifts from an estate, insurance policy, IRA, pension plan, or trust.
More Asset Protection Lawyers.com Terms >
|
Did You Know?