A share is a unit of equity ownership in a corporation; mutual fund; or interest, normally represented by a certificate,…
Under settlement date accounting, assets purchased are not recorded until settlement date. Therefore, only after receiving or sending payment for…
Generally, securities brokers are entities that regularly engage in effecting securities transactions for others. A securities dealer is an entity…
Securities are any bill, note, bond, debenture, equity or similar instrument that is commonly referred to as a security, excluding…
A repurchase agreement is a transaction involving the sale of financial assets by one party to another, subject to an…
Reinsurance recoverable represent reimbursements expected by U.S.- resident insurance underwriters, under reinsurance contracts governing underwriting coverage ceded to a foreign…
This term refers to the same class of financial entities that must report to the Securities and Exchange Commission as…
Full service brokers that facilitate the clearance and settlement of securities provide the ability to trade with multiple brokerage houses…
Prepaid insurance premiums are the consideration paid by policyholders to insurance underwriters in exchange for the provision of defined future…