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Financial Terms

Nominee

This individual is authorized to act on behalf of the investor in case of any unforeseeable circumstances such as death or incapacitation.

A Nominee refers to an individual entrusted with the task of protecting the securities held by an investor. In case of any unfortunate events such as death or inability to act, this person is authorized to act on behalf of the investor. This role is crucial in ensuring that the investments are not left unattended and vulnerable. It is important to carefully choose a trustworthy and reliable nominee for one's investments.

Halloween Strategy

The Halloween Strategy, also referred to as the "Sell in May and Go Away" strategy, involves selling stocks before May 1st and waiting until October 31st to reinvest. This a...

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Economy

Gross Domestic Product (GDP) is the total value of all goods and services produced within a country's borders in a given period. Welcome to our lesson on the economy and it...

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Hedgers

These contracts involve buying or selling an asset at a predetermined price on a future date. Futures contracts are a commonly used tool in the financial world, particularly...

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Insolvency

It is a crucial concept in finance, as it can have significant consequences for individuals and organizations. Insolvency can lead to bankruptcy, which involves a legal proce...

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