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Funds
Industry: Financial services
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Funds
Current yield
Financial services; Funds
Annual dollar coupon interest divided by current market price. Current Yield differs from coupon rate that expresses interest as an annual percentage of face value. For example, a bond with an 8 1/2% ...
Custodial governing state
Financial services; Funds
Indicates the state whose UGMA/UTMA law governs a custodial account.
Accounts receivable fee
Financial services; Funds
The accounts receivable (A/R) fee is the outstanding balance due for this fee.
Custodial relationship
Financial services; Funds
AMUL/GA A custodial arrangement under Georgia law where a custodian manages assets for the benefit of a minor. AMUL/GA was replaced by UTMA in Georgia in 1990. All new transfers must be UTMA. AMUL/GA ...
Able to leverage
Financial services; Funds
Ability of the fund to use borrowed money with the intent to improve performance and/or enhance yield.
Custodian
Financial services; Funds
An adult person selected to manage the assets of a minor under either the Uniform Gifts to Minors Act or the Uniform Transfers to Minors Act. The custodian is responsible for investing and ...