Free CTFA Exam Braindumps (page: 31)

An order made by an account holder instructing the depository institution to refuse payment on an already issued check.

It is a check payable to a third party that is drawn by a bank on itself in exchange for the amount specified plus, in most cases, a service fee (of about $5).

Short-term interest rates generally fluctuate long-term rates, so it pays to monitor interest rate movements, shop around for the best rates, and place your funds in savings vehicles consistent with your needs.

Many financial planning experts recommend keeping a minimum of to of your investment portfolio in savings-type instruments in addition t the 3 to 6 months of liquid reserves noted earlier. Someone with $50, 000 in investment should probably have a minimum of $5000 to $12500.