ABANDONED PROPERTIES
These are assets that include contents of a safe deposit box, life insurance policies, land, uncashed checks, mutual funds, bonds stocks and cash that were turned over to the government because of several years of inactivity. There are some states that hold these properties for a time, until the real owners and/or their heirs claim them in an indefinite time. On the other hand, there are also some states that take the property if it became dormant for a long time, in a process called "escheatment." The purpose of the Abandoned Properties Laws is to remove the liability from the asset holder.
POPULAR TERMS
Universal Banking
Universal Banking is a banking system that offers a wide range of financial services for both commercial and investment banking. European countries ...
Satellite Operation
Satellite Operation is a small office of a particular company or government agency that is located in a different place.
Forfaiting
The purchasing of receivables of an exporter (the amount importers owe the exporter) at a discount by paying cash. The forfaiter, the purchaser of ...
Electronic Payments Network - EPN
Electronic automated clearing house (ACH), operating as the only ACH for the private sector in the United States. It handles numerous credit transf ...
Turkey
Slang term for a losing investment whose yields decline or become worse than expected. Securities with substantial losses, failed business transact ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Digesting Financial Statements: Cash Flow
Companies generate money from borrowers and/or borrow money from creditors. Next, firms purchase assets and/or finance projects and programs. Then, ...
Buying a Home: Obtaining a Homeowners Insurance
You are one step closer to acquiring your dream house, and you want to make sure it has substantial protection against any disaster or occurrence t ...
A Guide to Your Personal Income Tax: Common Filing Mistakes
Failure to file the return on time is the most common mistake committed by taxpayers. Here are some of the other mistakes, which can cost you a lot ...
Ethical Investing: Activism and Advocacy of Shareholders
Activist investors are not contented with just purchasing stocks and supporting its actions or decisions. They want to change the norms of targeted ...
The Types of Stock
Now that you’ve learned the basics of stocks, what it is, and how it works, we can now learn more about them. The next thing you need to know ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Economy Watchers Survey | May | |
| 08:00 | Factory Orders | Apr | |
| 09:00 | SECO Consumer Confidence | May | |
| 10:30 | Sentix Investor Confidence | Jun | |
| 00:45 | Manufacturing Sales | 1 quarter | |
| 01:01 | BRC Retail Sales Monitor | May | |
| 01:50 | M2 Money Supply + CD | May | |
| 02:30 | Westpac Consumer Sentiment | Jun | |
| 03:30 | NAB Business Confidence | May |
