Term of the day
Graphical symbol representing a currency in a foreign exchange transaction. Symbols vary from one country’s (or region’s) currency to another. It is a shorthand and familiar version of a currency. Some examples of c ...
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Document issued by inspectors or an approved grading panel, stating the quality of a commodity. It is significant since a commodity must be declare ...
A strategy used to protect existing gains or prevent further losses by means of a stop-loss order or limit order. It is set to activate at a specif ...
Fixed Amortization Method
One of three methods by which early retirees of any age can access their retirement funds without penalty before turning 50.5. The fixed amortizati ...
Pretax Rate Of Return
The rate of return on an investment that does not take the taxes the investor must pay on this return. Because individuals' tax situations diff ...
The total value of a leveraged position's assets. This term is commonly used in the options, futures and currency markets because a very small ...
Is a Financial Statement Manipulated?
How can an investor - or an average person- tell if a financial statement is manipulated or not? Here are some of the subtle signs. Abusing the Elder In times of financial difficulties, firms begin dipping into reserves, hoping no executive or employee will notice.
Finance for Individuals
Resume Writers: Notching Your Way Up
You have an impressive educational background, exceptional employment history, and noticeable skills and talents to make it to the top. But what is the use of all your abilities and accomplishments if not well-represented on your resume? A person’s resume is the first thing employers look at when searching for the best candidate for a specific position.
Taxation in Finance
Introducing the Federal Tax Brackets
The first federal income tax statute stemmed from enacting the Revenue Act of 1861, which was passed by the Union government to help fund expenses related to Civil War. Then the second revenue was passed in 1862, which introduced two tax brackets: 3% for annual incomes ranging from $600 to $10,000, and 5% on incomes $10,000 and above.