Finance

Open-ended mutual funds are investment vehicles that sell and repurchase units daily based on their Net Asset Value (NAV) per share, calculated after every trading session ends. Open-ended funds offer several advantages over closed-end…

As the practice of charging interest over the maximum allowed by law is known as "usury," the term "loan-sharking" is synonymous. Loan-sharking is a step above phrases like "pay the advance," "check advance," "deferred deposit," and "payday…