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Gifting Phase

While investing is indeed all about making money, the gifting phase of a successful investors life can be the most personally fulfilling reward for a commitment to long~term investing. Many prominent investors who were aggressive capitalists in their heyday have gone on to be great philanthropists: for example, the infamous Michael Milken, who made a fortune in the junk bond market in the 1980s but now donates large amounts of money to support prostate cancer research.

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Clearing Account
A bank account used by a mortgage servicing company for the temporary, short~term deposit of mortgage payments that have been collected and are either awaiting transmittal to investors who bought the mortgages or awaiting deposit in escrow accounts....

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