Having an absolute interest means to be of full ownership and of full control as well as hold all of the right to an asset. It can be held on real estate. Jewelry, various business or an investment. The main feature of the absolute interest is the fact that no third party can claim the right to the asset and profits it may bring.
The average collected balance is the average balance of the funds collected in a certain span of time – usually in a month. It is calculated by adding all of the daily balances and dividing them by the numbers of the days in a month.
Relationship between assets are often interconnected and tangled. The term that is used to describe the relations between certain assets is assets correlation. The best example of assets correlation if the relationship between gold and dollar. As we know when dollar goes up, per-ounce price for gold is falling. When the greenback is getting weaker, gold gains price.
AUD is the abbreviation for the Australian dollar in the currency market. Australian dollar replaced Australian pound back in 1966.
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