What does avowal mean?
What does avowal mean?
an open declaration
How do you explain redemption?
Redemption (pronounced ree DEMP shun) is the act of buying something back or paying a price or ransom to return something to your possession. Redemption is the English translation of the Greek word agorazo, meaning “to purchase in the marketplace.” In ancient times, it often referred to the act of buying a slave.
What is capital redemption?
A statutory, non-distributable reserve into which amounts are transferred following the redemption or purchase of a company’s own shares. Subject to the company’s articles, the capital redemption reserve may be: Used to pay up new shares to be allotted to members as fully paid bonus shares.
WHAT DOES agreed redemption date mean?
If you’re simply paying your mortgage off without moving home or lender, you may deal directly with your lender. Redemption occurs when your existing lender receives the amount needed to pay off the mortgage in full.
What is cash alternative redemption?
Alternative Cash Redemption means any of the following: (i) the redemption of certain shares of Unimin Capital Stock in exchange for a note or other evidence of indebtedness; (ii) the repayment, satisfaction, or other discharge of a note or other evidence of indebtedness issued in the redemption described in the …
How do cash sweep accounts work?
A sweep account is a bank or brokerage account that automatically transfers amounts that exceed, or fall short of, a certain level into a higher interest-earning investment option at the close of each business day. Commonly, the excess cash is swept into a money market fund.
Is cash sweep my money?
Cash sweeping, or a sweep account, is a checking account that automatically transfers money to an investment account once that checking account exceeds a certain amount of money.
Where can I keep uninvested cash?
The fact is that nearly all brokerages are happy to let you park your uninvested cash in your account. Most brokerages offer “sweep” services where they will move uninvested cash into a connected cash account or money market fund. These sweep accounts are very convenient, but they pay infamously low interest rates.
Where is the best place to deposit money?
A savings account at your local bank or credit union is typically the most convenient place to save money. If you need to make a deposit or withdrawal, you can pop into a local branch or visit the ATM. The downside is that you may not be putting your money to the best use possible with a traditional savings account.
Is my money safe in Etrade?
E*TRADE Max-Rate Checking and E*TRADE Checking Accounts are FDIC insured to at least $250,000 per depositor. Click here for more details. Extended Sweep Deposit Accounts are FDIC insured to $1,250,000 for individual and $2,500,000 for joint accounts.
Is fidelity better than eTrade?
Fidelity’s brokerage service took our top spot overall in both our 2019 and 2020 online broker awards, rated our best overall online broker and best low cost day trading platform. E*TRADE is firmly entrenched in the top 5, and is rated our best broker for ease of trading and best broker for beginning options traders.