Living Trust

Living Trust – Better Than a Will?

What Is a Living Trust? A living trust is a legal document that, like a will, contains your instructions for what you want to happen to your assets when you die. However, unlike a will, assets can transfer to a beneficiary while avoiding probate. A living trust is a legal […]

GAAS

GAAS – What Investors Need To Know About Auditing Standards

GAAS – What Are Generally Accepted Auditing Standards? GAAS or Generally Accepted Auditing Standards are guidelines auditors generally follow when auditing corporate books and financial records. Generally Accepted Auditing Standards (GAAS) are a set of methodical rules.  They are used by auditors while conducting audits on the financial records of […]

COV Loan

COV Loan: Covenant-Light Loan Definition & Explanation

COV Loan – What are Covenant-Lite Loans? A COV loan or COV-Lite Loan is a covenant-light type of term loan. It is structured more like a bond with maximum flexibility and minimal constraints for the borrower. A covenant-lite loan is a type of flexible financing.  It is a term loan […]

Diagonal Spread

Diagonal Spread Options – Definition and Examples

What are Diagonal Spread Options? Diagonal spread options refers to buying and selling equal amounts of call or put option contracts with different strike prices and expiration dates.  In options trading, the strategy is a modified calendar spread involving different strike prices. It is put into play by simultaneously entering […]

Settlor of a Trust

Settlor of a Trust – Definition and Explanation

The Settlor of a Trust – What Does That Mean? The settlor of a trust is the person who creates a trust to be managed by a trustee for the benefit of another party called the beneficiary.  The settlor of a trust plans, creates, and funds the trust. Without the […]

Cyclical Stocks

Cyclical Stocks – What to Consider Before Investing

What are Cyclical Stocks? Cyclical stocks tend to closely follow the overall economy, rising swiftly during economic expansions and falling sharply during recessions. Cyclical stocks have a business cycle that is influenced by macroeconomic or systematic fluctuations in the overall economy. These equities are noted for tracking an economy’s expansion, […]