Michael is a financial planner and has a master's degree in financial services. Cite this lesson Mutual funds are collections of investments which are funded by investors and institutions. In this lesson, take a look at the definition of a mutual fund, explore the types of mutual funds, unde...
Fidelity Investmentsexplains what mutual funds are:”Mutual funds are investment strategies that allow you to pool your money together with other investors to purchase a collection of stocks, bonds, or other securities that might be difficult to recreate on your own.” “This is often referred to...
What is Insurance Definition? in·sur·ance noun /inˈSHo͝orəns/insurances, plural A practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium- many new borrower...
You'll receive dividends.Mutual insurancecompanies try to pay out dividends each year to policyholders. You may be able to use them to purchaseadditional coverageif you have a whole life insurance policy. You get to have a say in major decisions that could impact the company by casting your...
While low risk, they aren't insured by the Federal Deposit Insurance Corporation (FDIC) like savings accounts or CDs. Income Funds Income fundsare meant to disburse income on a steady basis, and are often seen as the mutual funds for retirement investing. They invest primarily in government an...
What Is the Mutual Mortgage Insurance Fund (MMIF)? The Mutual Mortgage Insurance Fund (MMIF) is a federal fund that acts as the insurer of mortgages that are guaranteed by theFederal Housing Administration(FHA). It supports both FHA mortgages used to buy homes andhome equity conversion mortgages...
Inductance is defined as the property of an electric conductor which causes an electromotive force that is generated due to a change in the current flow. There are two types of inductance: self-inductance and mutual inductance.
Building an investment portfolio may require personalization and finesse, but it can also be ultra-simple.
Most social insurance programs are justified by their contribution to fulfilling the “social contract”—the 16th centuryHobbesianphilosophy that members of a society must agree to cooperate to secure mutual social benefits. Social insurance is seen as socially responsible because it draws on theempathe...
This can provide important liquidity to deal with immediate needs, such as funeral costs or outstanding debts, bridging the gap until any life insurance proceeds can be claimed and received. This account can also be invaluable if there are arguments over the will, delaying the distribution ...