One of the main sources of financial dictionary is the financial glossary by Campbell R. Harvey, renowned finance expert and J. Paul Sticht, professor of International Business at Duke University. It provides concise definitions of 8,000 terms with 18,000 useful links. This information comes from the world of banking and investing, providing users with thorough and reliable meanings to all the most common, and even uncommon, financial terms.
Please note that this information is not intended to be used in place of a consultation or advice of a financial professional.
The most popular financial definitions:
- A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission.
- For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and securities within the fund's portfolio in order to achieve the fund's objectives.
tax on any money earned during a fiscal year, usually filed on a yearly basis. All businesses except partnerships must file an annual income tax return. Partnerships file an information return.See also: Capital Gain, Conduit Theory, Income, Income Shifting, Internal Revenue Service (IRS), Laffer Curve, Surtax, Taxable Gain