Liquidity is the ease with which you can convert a non-cash asset (such as a stock, bond, home, collectible, or business) into cash to pay for goods and services. In other words, it’s the ability to convert an asset’s value into money, quickly and easily. Liquidity is a major concern across the world of finance, with slightly different meanings … Read more
Rothschild family, the most famous of all European banking dynasties, which for some 200 years had considerable economic influence in Europe. The house was founded by Mayer Amschel Rothschild (b. February 23, 1744, Frankfurt am Main—d. September 19, 1812, Frankfurt) and his five sons, Amschel Mayer (b. June 12, 1773, Frankfurt—d. December 6, 1855, Frankfurt), Salomon Mayer (b. September 9, … Read more
BBVA SA, Spanish financial group with its strength lying in the traditional business of retail banking, asset management, insurance, private banking, and wholesale banking. Headquarters are in Madrid. BBVA is the result of the 1999 merger of Banco Bilbao Vizcaya (BBV) and Banco Argentaria. BBV was formed in 1988 from the merger between Banco de Bilbao (founded 1857) and Banco de … Read more
An annuity is series of periodic payments made at regular, fixed intervals, such as a contract with an insurance company to provide a steady income stream in retirement. Although the word stems from the Latin annus, meaning “year,” the most common annuity payout interval is monthly. Company and government pension plans are a type of annuity; Social Security is … Read more
Insurance in some form is as old as historical society. So-called bottomry contracts were known to merchants of Babylon as early as 4000–3000 bce. Bottomry was also practiced by the Hindus in 600 bce and was well understood in ancient Greece as early as the 4th century bce. Under a bottomry contract, loans were granted to merchants with the provision that if the shipment … Read more
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