Credit union

Definition:

A not-for-profit institution that is operated as a cooperative and offers financial services such as low-interest loans to its members.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Plain vanilla

A term that refers to a relatively simple derivative financial instrument, usually a swap or other derivative that is issued with standard features.

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