Term of the day
Guaranteed investment contract where a single is made to the account, and both the principal and interest are paid back to the payor at a specific date in the future. This debt instrument, offered by insurance firms, provides i ...
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Weighted Average Life (WAL) refers to the average number of years that each dollar in an unpaid principal on a loan or mortgage remains outstanding ...
Operating Loss - OL
A loss resulting from the main business operations. Extraordinary or peripheral income and expenses are not included.
Metals that rust, damaged or wears off easily when exposed to air or moisture. Commercial and industrial applications is where the base metals are ...
A type of annuity contract that delays payments of income, installments or a lump sum until the investor elects to receive them. This type of annui ...
Monetary payments made to the custodial parent after finalizing divorce proceedings. The court awards the terms of the child support, which are nor ...
Retirement Blueprint for Freelancers
Retirement for freelancers is tricky. Unlike regular employees, no one will look out for self-employed individuals’ retirement but them. Yes, you may not be able to obtain benefits such as co mpany stock or free money in the form of employer’s matching contribution.
Taxation in Finance
Three Interesting Trivia regarding Income Tax
Every individual is a taxpayer. The government utilize such payments to fund their projects and uphold the best interests of their people. Most nations implement a progressive tax scheme in which h igh earners settle a higher bill than low income earners.
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