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Meaning / Definition of
Exchange Traded Fund
Categories: Finance,
Similar to an index mutual fund, these tracking stocks trade continuously. Two popular ETFs are the Standard and Poor's depositary receipt (SPDR) launched in 1993 and the NASDAQ-100 index tracking Stock (QQQ) which was launched in 1999. These vehicles are popular for hedging as well as investment.
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Definition / Meaning of
Home Equity
Categories: Credit and Debt, Real Estate, Legal, ,
The current market value of a house minus how much is owed on it. A home equity loan borrows against this amount.
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