The most prominent and best recorded use of the split tally stick or "nick-stick"[7][8]being used as a form of currency[9]was whenHenry Iintroduced the tally stick system in medieval England in around 1100. The tally sticks recorded a payment of taxes, but soon began to circulate in ...
As an “open-end” mutual fund, WEI had to sell some of its assets each time an investor asked to redeem their funds, which they could do at just about any time. This is not a problem when the assets in question are highly liquid, such as large-cap stocks. But when th...