It means Transfer On Death. The process of change of title of a security of one name to another upon the death of one of the owners title.
03:49, 27 December 2012
The European Stability Mechanism (ESM) is a proposed ...
More commonly referred to as a 'plastic banknote'; the ...
Buck is a word used informally between people instead of ...
The Hong Kong dollar is like the call option of currencies. ...
Not necessarily a bad thing. Call risk is when the issuer ...
This is a risk present when a issuer of debt is unable to ...
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