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The name of an agent that recieves funds on behalf of someone else to handle financial decisions and act on another persons behalf is commonly known as Power Of Attorney.
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What is the meaning of delegated monitoring?
An economic agent appointed to act on behalf of smaller agents in collecting information and/or investing funds.
How does a lifecycle fund help someone?
Lifecycle funds are chosen by professional investors on behalf of someone holding the fund. This can help someone because the charges to hold the fund can be cheaper than for other funds.
What is A company that uses the money it receives from investors to buy securities from corporations and governments?
A company that uses the money it receives from investors to buy securities from corporations and governments is called an investment company. These companies pool money from multiple investors and use it to purchase a diversified portfolio of stocks, bonds, or other securities on behalf of their investors. Examples of investment companies include mutual funds, exchange-traded funds (ETFs), and closed-end funds.
What is the difference between an annuitant and a beneficiary?
An annuitant is a person who receives regular sums of money that was earned by them. A beneficiary is a person who receives regular sums of money from someone else who has past away and selected them to receive the funds.
How can someone invest in Mutual funds?
One can invest in mutual funds directly from the fund AMC, or indirectly through the use of agents. Investing directly means you don't have to share any earnings with the agent, but it also means you need to do more research on the funds you wish to invest in. Investing indirectly means the agent will receive a cut of the profit, but they also find funds within your specifications.
Who pays the agent when buying a house?
It is the seller that pays the commission to the agent from the buyers funds.
What is commingling in insurance?
an illegal practice that occurs when an agent mixes personal funds with the insured's or insurer's funds.
What is intergovernmental revenue?
Funds that one level of government receives from another level of government.
How do you issue a cashiers check?
A bank issues a cashiers check,on behalf of a depositor, by setting funds aside from the depositor's account.
Why do many investors like mutual funds?
Because not many investors know how to track the stock market and choose stocks effectively. That is why they prefer Mutual Funds where an expert fund manager does this on our behalf
Whom does the funds left over from coverdell education savings account after all education expenses are paid?
The beneficiary receives the funds left over from the Coverdell Savings Account.
Define Types and importance of Mutual Fund?
There are many types of MFs * Equity Diversified * Debt Funds * Fund of Funds * Hedge funds * Contra funds * Index funds * etc Mutual funds are instruments of investment for the investor who does not have the time or the expertise to trade in stocks. An expert financial investor would pool in money from such investors and trade stocks on their behalf and share the profit or loss with them.
