An estate is one’s total net worth. It includes land all of the possessions, and other assets that the individual owns or has a controlling interest over.

 

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"Locked in" is a phrase that describes a situation where the investor can’t exit a position because of the regulations, taxes or penalties associated with the exiting process.

 

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Interest rate floor is a previously agreed rate in the lower range of rates associated with a floating rate loan product.

 

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Fixed income is a type of investment that pays investors fixed interest payments until its maturity date arrives and when the date comes, investors are paid the principal amount they initially invested.

 

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