What Is a Non-Objecting Beneficial Owner (NOBO)? A non-objecting beneficial owner (NOBO) is a beneficial owner of a company who gives permission to a financial intermediary to release their name and address to the companies or issuers in which they have bought securities. This allows companies to contact the beneficial owner directly with various communication…
Developed-market exchange-traded funds (ETFs) can help investors gain relatively cheap, broad diversification through access to hundreds or thousands of individual holdings across the world’s most advanced economies. Here, we take a look at the five largest developed-market ETFs in terms of assets under management (AUM). A developed market belongs to a highly productive, industrialized country with an…
A bond’s coupon rate (sometimes abbreviated simply to “coupon”) isn’t affected by its price. However, the coupon rate influences the bond’s price, by influencing the bond’s competitiveness and value in the open market. How Does A Bond’s Coupon Interest Rate Affect Its Price? How Bond Coupon Rates Work A bond’s coupon rate denotes the amount…
What Is Net Income After Taxes? Net income after taxes (NIAT) is a financial term used to describe a company’s profit after all taxes have been paid. Net income after taxes is an accounting term and is most often found in a company’s quarterly and annual financial reports. Net income after taxes represents the profit…
What Is a Guaranteed Bond? A guaranteed bond is a debt security that offers a secondary guarantee that interest and principal payments will be made by a third party, should the issuer default due to reasons such as insolvency or bankruptcy. A guaranteed bond can be of either the municipal or corporate variety. It can…
Generally speaking, the Internal Revenue Service (IRS) allows companies to deduct the cost of goods that are used to either make or purchase the products they sell for their business. For accounting and tax purposes, these are listed under the entry line-item cost of goods sold (COGS). This reduction can be a major benefit to…
What Is Surplus Lines Insurance? Surplus lines insurance protects against a financial risk that is too great or too uncommon for a regular insurance company to take on. Surplus lines insurance can be purchased by individuals or companies. Key Takeaways Surplus lines insurance protects against a financial risk that a regular insurance company will not take…
Buying and owning property is rarely easy or simple. When the property in question is in a distant location, the challenges multiply. Nevertheless, investing in out-of-state property might seem appealing if you live in an area where real estate is expensive. It might also be attractive if you already own your home but want to…
What Is the Central Registration Depository (CRD)? The Central Registration Depository (CRD) is a database maintained by the Financial Industry Regulatory Authority (FINRA) since 2007 for all firms and individuals involved in the U.S. securities industry. It is used to store and maintain information on registered securities and broker firms, as well as individuals who dispense…