All posts in "Personal Finance"
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How long is a Series 63 exam valid if I am no longer registered?

By Mark Holland / a few months ago

The Series 63 exam, also known as the Uniform State Securities Law Exam, is the state test for representatives of stockbrokers. The exam is conducted by the North American Securities Administrators Association (NASAA) and administered by the Financial Industry Regulatory Authority (FINRA). Understanding the Series 63 Exam Typically, anyone interested in taking the Series 63 […]

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Definition of reconstitution

By Mark Holland / a few months ago

What is reconstitution? Reconstitution involves the revaluation of a market index. The process involves ranking, adding, and deleting stocks to ensure the index reflects current market capitalization and style. Key takeaways Reconstitution is done to ensure that the indices are properly balanced. The style of the index determines how often it is rebalanced. This can […]

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Definition of retrospectively qualified insurance

By Mark Holland / a few months ago

What is retrospective rated insurance? Retrospective rated insurance is an insurance policy with a premium that is adjusted based on losses experienced by the insured company, rather than based on industry-wide loss experience. This method takes actual losses to derive a premium that more accurately reflects the insured’s loss experience. An initial premium is charged […]

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Definition of life cycle assumptions (HCL)

By Mark Holland / a few months ago

What is the Life Cycle Hypothesis (LCH)? The Life Cycle Hypothesis (LCH) is an economic theory that describes people’s spending and saving habits throughout their lives. The theory states that individuals seek to smooth consumption throughout their lives by borrowing when their income is low and saving when their income is high. The concept was […]

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Aircraft insurance

By Mark Holland / a few months ago

What is aircraft insurance? Aircraft insurance that provides liability and property coverage for aircraft. Aircraft insurance, also called aviation insurance, can be purchased for several different types of aircraft, including standard, experimental, and older aircraft, as well as seaplanes. While aircraft insurance generally covers the repair or replacement of damaged aircraft and parts, aviation accident […]

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Definition of technical analyst

By Mark Holland / a few months ago

What is a technical analyst? A technical analyst, also known as a chartist or market technician, is a securities researcher or trader who analyzes investments based on previous market prices and technical indicators. Technicians believe that short-term price movements are the result of the forces of supply and demand in the market for a given […]

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Defining the one-touch option

By Mark Holland / a few months ago

What is a one-touch option? A one-touch option pays a premium to the option holder if the spot rate reaches the strike price at any time before the option expires. Key takeaways A one-touch option pays a premium to the option holder if the spot rate reaches the strike price at any time before the […]

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