Canceled Check Definition & Example - InvestingAnswers
Oct 1, 2019 · A canceled check is proof of payment. In many cases, customers have to request copies of canceled checks if they get their monthly statements online instead of on paper. It is important to note that you should keep canceled checks hidden or securely stored; the routing number and account number printed on the check can be used by identity thieves.
Good Til Cancelled (GTC) - InvestingAnswers
Oct 7, 2020 · For example, if the investor has a stock priced at $10 per share, but he wants to sell if the stock moves to $15, then the Good til Cancelled order will stand until that condition is met, unless the investor intervenes and cancels the instruction. If the stock reaches $15 per share, under the GTC order, the shares will be sold. Without a GTC ...
Financial Terms Starting with C - InvestingAnswers
2 days ago · Custodian. Cyclical Industry. Cyclical Stock. Cyclical Unemployment. InvestingAnswers' glossary of financial definitions and business terms that begin with the letter "C".
Open Order Definition & Example - InvestingAnswers
Oct 1, 2019 · It is important for the investor to monitor market conditions and keep track of their open orders and be sure that each order should remain in effect and be filled over time. An open order is an instruction to buy or sell securities that has not been executed or cancelled.
Callable Certificate of Deposit (CD) Definition - InvestingAnswers
Sep 29, 2020 · Thus, because call provisions are less favorable to investors, callable CDs tend to offer higher interest rates than similar non-callable bonds so that the investor receives enough compensation for the risk. A callable certificate of deposit (callable CD) is a deposit with a financial institution that can be redeemed by the issuer before the ...
Certified Check Definition & Example - InvestingAnswers
Oct 1, 2019 · Certified checks are a good way for sellers to feel more secure about the source of buyer's funds because banks issuing certified checks generally lock the amount of the check up to ensure that the depositor does not withdraw the funds and force the check to bounce. Banks almost always charge fees to issue certified checks and cannot halt the ...
Mobile Banking | Meaning & Examples - InvestingAnswers
May 27, 2021 · Mobile check deposits (ie. taking a picture of your check and depositing it remotely) Electronic money transfers between accounts. Bill pay. Viewing account balances. Mobile Banking Examples . Though every bank has different terms and conditions, here are a few common examples of mobile banking: Example of Mobile Banking #1
Maturity Date Definition & Example - InvestingAnswers
Oct 1, 2019 · The maturity date represents the point at which the issuing party must return the principal or par value associated with the security, in addition to all unpaid interest. Say an investor bought a bond issued at $100 with a maturity date of April 1, 2025. In most circumstances, until that date the bond will trade and make regular interest ...
What to Do About That Old Life Insurance Policy
Dec 7, 2020 · A life settlement is a financial transaction in which a life insurance policy owner possessing an unneeded or unwanted life insurance policy sells the policy (at fair market value) to a third party for more than the cash surrender value offered by the life insurance company. The purchaser becomes the new beneficiary of the policy at maturation ...
Callable Bond Definition & Example - InvestingAnswers
Oct 5, 2020 · A callable bond (also called a 'redeemable bond ') is a bond with an embedded call option. If the issuer agrees to pay more than the face value amount of the bond when called, the excess of the payment over the face amount is the ' call premium '. In most cases, the call price is greater than the par (or issue) price.