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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.
What is payee bank?
A payee bank is the financial institution that receives funds on behalf of a payee, typically in a transaction such as a check deposit or an electronic funds transfer. This bank is responsible for crediting the payee's account with the transferred amount once the transaction is processed. In essence, it facilitates the payment flow from the payer's bank to the payee.
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.
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.
What type of tax is collected by a mediating agent and then forwarded to the government?
The type of tax collected by a mediating agent and then forwarded to the government is typically referred to as a "withholding tax." This tax is often deducted from income, such as wages or dividends, by an employer or financial institution before the funds are disbursed to the recipient. The agent is responsible for remitting this withheld amount to the government on behalf of the taxpayer. This system helps ensure tax compliance and simplifies the payment process for taxpayers.
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
What is the meaning of escrow money?
Escrow money refers to funds held by a third party on behalf of two other parties involved in a transaction, typically until certain conditions are met. This arrangement ensures that the buyer's payment is secure and that the seller fulfills their obligations before the funds are released. It is commonly used in real estate transactions to protect both parties during the buying and selling process. Once all conditions are completed, the escrow agent disburses the funds accordingly.
