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mutual fund

(Encyclopedia) mutual fund, in finance, investment company or trust that has a very fluid capital stock. It is unique in that at any time it can sell or redeem any of its outstanding shares at net…

Mississippi Scheme

(Encyclopedia) Mississippi Scheme, plan formulated by John Law for the colonization and commercial exploitation of the Mississippi valley and other French colonial areas. In 1717 the French merchant…

Bhopal

(Encyclopedia) BhopalBhopalbōˈpäl [key], former principality, Madhya Pradesh state, central India. A region of rolling downs and thickly forested hills, it is predominantly agricultural. Its Buddhist…

Tips for Filling out the FAFSA

by Mike Pugh, FastWeb.com Filling out the FAFSA can be tricky. Keep these tips in mind and you shouldn't have any problems. Identify Yourself Use your legal name as it appears on your Social…

Balance of International Payments

(in billions of dollars)Item 1999119981997119961995 1994 1990 1985 1980 1975 1970 1965 1960Exports of goods, services, and income receipts$1,191.4$1,192.2$1,167.6$1,055.2$969.2$ 838.8 $652.9 $366.0…

corporation

(Encyclopedia) corporation, in law, organization enjoying legal personality for the purpose of carrying on certain activities. Most corporations are businesses for profit; they are usually organized…

The Top Ten: Largest Bankruptcies

December 10 - 17 Largest Bankruptcies, 1980–Present Rank Company Date Total assetspre-bankruptcy(in millions)1. Worldcom, Inc1 7/21/2002 $103,914 2. Enron Corp.2 12/2/2001 63,392 3. Conseco…

Terms To Know

Front-end Load: A front-end load is a sales charge you pay when you buy shares. This type of load, which by law cannot be higher than 8.5% of your investment, reduces the amount of your…