What is a Mutual Fund?

The correlation coefficient helps you understand how strong the relationship is between the movements of two variables — ranging from 1.0 (a perfect positive correlation) to -1.0 (a perfect negative correlation).

Cost basis, which is used when calculating taxes, is typically the amount that you paid when buying a security.

Duration measures how the prices of bonds or other fixed-income investments may be affected by changes in interest rates.

Attrition occurs when a company deliberately doesn’t replace workers who willingly left their jobs — typically in order to reduce staffing or reallocate resources.

A letter of credit is an official statement from a bank promising that the holder will receive a set sum of cash after meeting the conditions of the letter.

An account balance is the amount of money held in a financial account, such as a checking account, saving account, certificate of deposit, or brokerage account.