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The truest definition of a Bank Draft is a check written with the certification of a customer’s bank.
Bank Drafts are checks also known as Bank Checks and Cashier’s Checks. They have already been cleared at the writing institution and they provide an extra endorsement that the payment is good. Regular personal checks do not need to be co-signed or verified before they are used as payment, whether or not there is enough money in an account to cover it.
For large purchases, some businesses require Bank Drafts to reduce their risk exposure. Bank Draft checks may come with watermarks or holograms. In any case it is important to try to verify the authenticity of one before it is accepted as payment.
They normally clear much faster than personal checks, which could mean instantaneously or the next business day. Electronic payments are also sometimes called drafts or automatic drafts.
A Credit Default Swap is a contract that provides a hedge against credit default risk
A ratio put spread uses multiple put contracts in a certain ratio that makes them start off delta-neutral
A bear put spread involves the use of two puts, one sold and one bought, at different strike prices
Different opportunities to invest in private placements may present themselves to wealthy individuals over time
To calculate the debt ratio, one only needs to divide total liabilities (i.e. long-term and short-term) by total assets
Accounts Payable are the short-term expenses and debts that a company must pay out in the near future
With an adjustable rate mortgage (ARM) , the interest rate is lower at the beginning than the fixed-rate alternative
Federal income taxes are paid by individuals in proportion to their earnings, after reducing the considered earnings
When a mortgage loan is made, the bank or loan institution is the mortgagee, while the consumer is the mortgagor
The Triple Tops pattern appears when there are three distinct minor Highs at about the same price level