Cryptocurrency Q&A
What is a payment folio?
What is a payment folio?
Caterina
Tue Oct 29 2024
|
7
answers
1280
I'm trying to understand what a payment folio is. Could someone please explain it to me in simple terms? I've encountered this term in a financial context and want to make sure I grasp its meaning.
7 answers
Nicolo
Thu Oct 31 2024
A folio number serves as a unique identifier for an individual's account in a mutual fund.
Was this helpful?
43
86
Enrico
Thu Oct 31 2024
This number plays a crucial role in distinguishing investors within the fund.
Was this helpful?
214
51
GwanghwamunGuardianAngelWingsBlessing
Thu Oct 31 2024
Much like a bank account number, it acts as a key to access one's investments.
Was this helpful?
331
72
Lucia
Wed Oct 30 2024
It also keeps a detailed record of all transactions related to the investor's account.
Was this helpful?
129
60
DongdaemunTrendsetting
Wed Oct 30 2024
The folio number not only identifies the investor but also tracks their financial contributions.
Was this helpful?
105
93
Load 5 more related questions
