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Meaning / Definition of
Momentum Fund
Categories: Mutual Funds,
Funds that choose their investments by virtue of current trends in things such as their earnings or movement in share price. If companies have been trending in a particular direction, then the portfolio manager will likely take a position in the same direction as these trends with the intention of riding the wave. The portfolio manager will typically then sell the positions once the upward wave has passed.
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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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