What is an Account Statement? An account statement is a document that provides a summary of the financial transactions and balances for a specific period of time in a person’s or business’s bank account. It is typically issued by the bank or financial institution where the account is held. Definition … …
ACA Health Insurance Marketplace: Everything You Need to Know Here are some key points to know about the ACA Health Insurance Marketplace: Open Enrollment Period: The Marketplace has an annual open enrollment period, usually from November to December, during which individuals can enroll in or make changes to their health … …
Chief Executive Officer (CEO) vs Other Chief Roles: A Comparison of Responsibilities While the CEO is often considered the highest-ranking executive, there are other chief roles that play significant roles in the overall management and success of a company. These roles include the Chief Financial Officer (CFO), Chief Operating Officer … …
AARP Overview: Advocating for Retirement Planning Why Retirement Planning Matters AARP recognizes the importance of retirement planning and the impact it can have on individuals’ quality of life. Through various initiatives and programs, AARP aims to educate and empower individuals to take control of their financial future and make informed … …
What is Deregulation? Deregulation refers to the process of removing or reducing government regulations and restrictions on businesses and industries. It involves the elimination of rules and laws that govern how businesses operate, allowing for greater flexibility and freedom in the marketplace. Deregulation aims to promote competition, increase efficiency, and … …
Average Selling Price Calculation and Examples In order to understand the concept of average selling price (ASP), it is important to first define what it means. ASP is the average price at which a product or service is sold over a specific period of time. It is a key metric … …
What is AAA Credit Rating? AAA credit rating is the highest possible rating that can be assigned to a borrower by a credit rating agency. It indicates that the borrower has a very low risk of defaulting on its debt obligations. AAA is considered the gold standard of credit ratings … …
What is an Annuitant? An annuitant is an individual who receives annuity payments from an annuity contract. An annuity is a financial product that provides a series of regular payments to the annuitant over a specified period of time, typically for retirement income. Role of the Annuitant Benefits of Being … …
Child Tax Credit: What You Should Know The Child Tax Credit is a tax benefit provided by the Internal Revenue Service (IRS) to help families with the cost of raising children. It is a valuable credit that can significantly reduce the amount of taxes owed or even result in a … …
What is Agency Theory? However, agency theory recognizes that conflicts of interest can arise between the principal and the agent. The agent may have their own interests or incentives that do not align with those of the principal. This misalignment can lead to agency problems, such as moral hazard and … …
What are Blue Sky Laws? Blue Sky Laws are state regulations that aim to protect investors from fraudulent activities in the securities industry. These laws require companies and individuals selling securities to register with the state securities regulatory agency and provide detailed information about the investment opportunity. The term “Blue … …
Key Differences Between GMAT and GRE GMAT GRE The GMAT is primarily used for admission to business schools. The GRE is accepted by a wide range of graduate programs, including business schools. The GMAT focuses on analytical writing, integrated reasoning, quantitative reasoning, and verbal reasoning. The GRE includes sections on … …
Adjusted Closing Price: How It Works The adjusted closing price is a financial term used in the stock market to calculate the true value of a stock. It takes into account various factors that can affect the stock price, such as stock splits, dividends, and other corporate actions. When a … …
What is Annualize? Annualize is a financial term that refers to the process of converting data from a period of time that is shorter than a year into an annualized figure. This is done in order to make it easier to compare different time periods and to project future performance. … …
9 Energy Crisis: Definition, History, Causes and Impact Definition The 9 Energy Crisis was characterized by a significant decrease in the supply of oil and other energy resources, leading to a sharp increase in prices. This had a profound impact on the global economy and resulted in widespread energy rationing … …
Absorption Costing: Pros, Cons, and Example Absorption costing is a method used in accounting to allocate all costs, both variable and fixed, to the products or services being produced. This method is widely used by businesses to determine the cost of their products and to make decisions regarding pricing, profitability, … …
What is Flat Tax? Flat tax is a tax system in which all individuals and businesses are taxed at the same rate, regardless of their income or financial situation. It is a simplified and streamlined approach to taxation that aims to eliminate the complexities and loopholes associated with progressive tax … …
What Is an Accredited Investor? An accredited investor is an individual or entity that meets certain financial criteria and is allowed to participate in certain types of investment opportunities that are not available to the general public. The concept of an accredited investor was established by the U.S. Securities and … …
The Importance of Currency Currency plays a vital role in the global economy and is essential for conducting trade and commerce. It serves as a medium of exchange, facilitating the buying and selling of goods and services. Currency allows individuals and businesses to value and exchange their assets, making it … …
What is Geolocation? Geolocation is a technology that allows for the identification of the geographical location of a device or user. It utilizes a combination of different data sources, such as GPS, Wi-Fi, and IP addresses, to determine the precise location of the device. The concept of geolocation revolves around … …
Definition and Meaning The 52-week high/low is a term used in the financial market to refer to the highest and lowest prices that a particular stock or security has reached over the past 52 weeks. It is an important indicator that provides insights into the performance and volatility of a … …
Addition Rule for Probabilities Formula and What It Tells You The addition rule for probabilities is a fundamental concept in probability theory that allows us to calculate the probability of the union of two or more events. It is based on the principle that the probability of the union of … …
What is Activity-Based Management (ABM)? Activity-Based Management (ABM) is a strategic management approach that focuses on improving business performance by analyzing and managing activities within an organization. It is a method of identifying, prioritizing, and managing activities that drive costs and create value. Definition ABM is a management philosophy that … …
What is an 18-Hour City? An 18-Hour City is a term used to describe a city that is not quite a 24-hour city, but has a vibrant and active urban environment for at least 18 hours a day. These cities have a strong economy, a diverse range of amenities, and … …
Overview of Applied Economics Applied Economics is a field of study that focuses on the practical application of economic theory and principles to real-world situations. It involves the use of economic analysis and research methods to address various economic issues and problems faced by individuals, businesses, and governments. Why is … …
Absolute Advantage: Definition, Benefits, and Example Absolute advantage is an economic concept that refers to the ability of a country, individual, or company to produce a good or service more efficiently than its competitors. It is based on the idea that different countries have different resources, skills, and technologies, which … …
American Option Definition Unlike European options, American options allow investors to take advantage of favorable market conditions or changes in the underlying asset’s price at any point before expiration. This added flexibility can be beneficial for traders looking to maximize their profits or manage their risk more effectively. However, the … …
What is Direct Public Offering (DPO)? Direct Public Offering (DPO) is a method of raising capital for a company by offering its securities directly to the public, without the involvement of intermediaries such as investment banks. It allows companies to sell their shares or other securities directly to individual investors, … …
What is a Certified Information Systems Auditor? A Certified Information Systems Auditor (CISA) is a professional certification for individuals who audit, control, monitor, and assess an organization’s information technology and business systems. CISA is globally recognized and highly respected in the field of information systems auditing. As an auditor, a … …