Micro Savings: An Overview The micro savings system is an option available to people who want to build their assets but have limited income to spare. It permits them to save even the smallest amounts of money over time in order to achieve a degree of financial security over time. Micro-savings accounts first achieved popularity
What Is a Midcap Fund? A mid-cap fund is a pooled investment vehicle (e.g. a mutual fund or ETF) that explicitly invests in the stocks of mid-cap companies, or companies with market capitalizations ranging from approximately $2 billion to $10 billion. Key Takeaways A mid-cap fund is a pooled investment, such as a mutual fund
What Is Mid-Cap? Mid-cap (or mid-capitalization) is the term that is used to designate companies with a market cap (capitalization)—or market value—between $2 and $10 billion. As the name implies, a mid-cap company falls in the middle between large-cap (or big-cap) and small-cap companies. Classifications, such as large-cap, mid-cap, and small-cap are approximations of a company’s
What Is the Middle Class? The middle class is a description given to individuals and households who typically fall between the working class and the upper class within a socio-economic hierarchy. In Western cultures, persons in the middle class tend to have a higher proportion of college degrees than those in the working class, have
What Is MENA? MENA is an acronym for the Middle East and North Africa (MENA) region. The region is typically considered to include around 19 countries, but the definition can be stretched to include up to 27. The World Bank includes 21 countries as part of MENA and based on their 2020 population reports, the
What Is a Middle-Income Country? (MIC) According to the World Bank, middle-income countries (MICs) are defined as economies with a gross national income (GNI) per capita between $1,036 and $12,535. MICs are one of the income categories that the World Bank uses to classify economies for operational and analytical purposes. Key Takeaways Middle-income countries are
What Is the Middle Office? The middle office is the department in a financial services company, investment bank, or hedge fund that sits in between the front and back office. It typically manages risk and calculates profits and losses. It is generally in charge of information technology (IT) as well. Key Takeaways The middle office tracks
What Is the Middle Rate? In foreign exchange or forex markets, the middle rate, also called the mid and mid-market rate, is the exchange rate between a currency’s bid and ask rates. Key Takeaways The middle rate is the exchange rate halfway between a currency’s bid and ask rates.The middle rate is calculated using the
What Is Midstream? Midstream is a term used to describe one of the three major stages of oil and gas industry operations. Midstream activities include the processing, storing, transporting and marketing of oil, natural gas, and natural gas liquids. The two other major stages are upstream, which refers to raw crude oil and natural gas
What Is a Mid-Cap Value Stock? A mid-cap value stock has been identified by industry analysts as a good choice for value investors at its current price per share. Mid-cap indicates that it is a moderate-sized company in terms of its total market capitalization. Key Takeaways Mid-cap value stocks have been identified as potential good
