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Meaning / Definition of

Kuwait Investment Authority (KIA)

Categories: Mutual Funds,

A government-owned authority established in 1982 by the State of Kuwait. Its responsibility is to oversee, invest, and administer the funds entrusted to it by Kuwait's Minister of Finance. KIA seeks to "achieve long-term investment returns" and to provide "an alternative to oil reserves" for future generations.

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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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