Murray N. Rothbard was an economist, author, and libertarian. He was a proponent of Austrian economics, founded the Center for Libertarian Studies in 1976, and co-founded the Mises Institute in 1982. Rothbard is the author of several books, including Man, Economy, and State. Murray N. Rothbard died on Jan. 7, 1995. Ket Takeaways • Murray
What Is Musawamah? Musawamah is a term used in Islamic finance. It describes a type of transaction in which the buyer does not know the price paid by the seller to create or obtain the good or service being offered. Under the rules of Islamic finance, various conditions must be met in order for Musawamah
What Is Musharakah? Musharakah is a joint enterprise or partnership structure in Islamic finance in which partners share in the profits and losses of an enterprise. Since Islamic law (Sharia) does not permit profiting from interest in lending, musharakah allows for the financier of a project or company to achieve a return in the form
What Is a Must Be Filled (MBF) Order? A must be filled (MBF) order is a trade that must be executed due to expiring options or futures contracts on those exchanges. Many MBF orders are filled on the third Friday of each month, at the market open, because many types of options and futures contracts expire
What Is Mutual Fund Cash Level? Mutual fund cash level is the percentage of a mutual fund’s total assets that are held in cash or cash equivalents. Mutual fund cash levels are an important aspect of managing liquidity in mutual funds. Most mutual funds keep approximately 5% of the portfolio in cash and equivalents in
What Is a Mutual Fund? A mutual fund is a financial vehicle that pools assets from shareholders to invest in securities like stocks, bonds, money market instruments, and other assets. Mutual funds are operated by professional money managers, who allocate the fund’s assets and attempt to produce capital gains or income for the fund’s investors.
What Is the Mutual Fund Dealers Association (MFDA)? The Mutual Fund Dealers Association of Canada (MFDA) is a self-regulatory organization (SRO) that oversees the Canadian mutual fund industry as it relates to the sale of mutual funds to retail investors. Key Takeaways The Mutual Fund Dealers Association of Canada is a self-regulatory organization that oversees the Canadian
What Is a Mutual Fund Liquidity Ratio? A mutual fund liquidity ratio is a ratio that compares the amount of cash in a fund relative to its total assets. Mutual fund liquidity ratios can vary and may include cash or cash equivalents. Key Takeaways A mutual fund liquidity ratio is a ratio that compares the
What Is a Mutual Fund Wrap? A mutual fund wrap, also known as a mutual fund advisory program or a wrap account, is a wealth management service that gives investors access to personalized advice and a large pool of mutual funds. Mutual fund wrap programs are often offered by full-service brokerage firms. Typically, the investor
Who Is Muhammad Yunus? Muhammad Yunus is a professor of economics who was awarded the 2006 Nobel Peace Prize for his efforts in developing social and economic improvements through microcredit and microloan operations. Most notably, Yunus founded the Grameen Bank, which is known for loaning billions of dollars to impoverished people all over the world. Key Takeaways Muhammad Yunus is
