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
Linearly Weighted Moving Average
A moving average that designates a greater weighting on recent price data than the common moving average does. To get the average, every closing pr ...
Compensating Balance
Minimum balance a customer must maintain in a bank account, normally non-interest bearing accounts. It is often used to offset some cost a bank inc ...
Tax Loss Carryforward
Negative profit in tax, which occurs when an individual or business’ expenses exceed their revenues. This is done by reducing the overall tax ...
Historical Cost
A measure of value used in accounting in which the price of an asset on the balance sheet is based on its nominal or original cost when acquired by ...
Check Conversion
Reformatting service which allows banks to exchange paper checks into electronic ones, then send those to the receiving bank. Offered by banking me ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
An Introduction to Stocks
Imagine this: you are a company owner, you get income but you don’t go to work, you just do what you want and the money keeps coming in. This ...
Digesting Financial Statements: Revenue
When it comes to reporting revenue, companies should pinpoint the perilous revenues, match reported revenues to the money at hand, and analyze and ...
What is the Standard Moving Cost?
You concluded remodeling is expensive upon considering all important factors. So you decided to move to another house instead. But, is moving less ...
Student Loans: Repayment in Times of Financial Difficulty
One day, you are in the middle of a financial hardship. Unfortunately, you still have student loans to pay. What will you do? In times like these, ...
Ethical Investing: Environmentally-Conscious Investing
Environmentalist or not, as an investor, you care so much about your surroundings. Hence, you invest in companies that can reduce their negative im ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:00 | MI Inflation Gauge | Dec | |
| 02:30 | Retail Sales | Nov | |
| 03:30 | CPI | Dec | |
| 03:30 | PPI | Dec | |
| 11:30 | Sentix Investor Confidence | Jan | |
| 15:15 | Housing Starts | Dec | |
| 16:00 | MPC Member Silvana Tenreyro Speaks | ||
| 17:30 | Overview of business prospects, according to the Bank of Canada | 4 quarter | |
| 17:30 | Bank of Canada Interest Rate Decision | 4 quarter |
