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
Performance Index Paper - PIP
Short-term paper on which the rate of interest is denominated and paid in a base currency. Performance index paper's interest rate is determine ...
Protest Divestment
It refers to the intentional selling of stock on a large scale to make financial pressure on a corporation to force social change.
Co-Owner
Individual or group sharing ownership in an asset with another individual or group. Co-owner of an asset holds a certain percentage although this m ...
Prepaid Interest
It refers to the interest that a debtor pays before the first scheduled repayment of debt.
Other Comprehensive Basis of Accounting - OCBOA
These are financial statements prepared using a system of accounting that differs from GAAP, the most common being tax-basis and cash-basis financi ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Retirement Planning: Creating a Nest Egg
Last time, we discuss the different income sources for building a retirement fund. We shall now tackle the ways to create a retirement nest egg.
A Guide to Your Personal Income Tax: Avoid Awful Surprises
Who loves to be surprised by the Internal Revenue Services? No one (unless it is a tax refund). The federal agency has its way of shocking taxpayer ...
Digesting Financial Statements: Long-Lasting Liabilities
Long-lived liabilities refer to obligations which are due more than a year. Some examples of long-term debt include convertible bond and capital le ...
Buying a Home: Looking for an Agent
You will need to find an agent if you want to purchase your dream house. These agents are the only ones who have access to lock box codes, which ar ...
An Introduction to MetaTrader 4 and MetaTrader 5
Metatrader 4 (MT4)
Metatrader 4 (MT4) is a prominent trading platform among online brokerage firms developed by MetaQuot ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 14:30 | FOMC Member James Bullard Speaks | ||
| 16:00 | Consumer Confidence | May | |
| 16:50 | FOMC Member Raphael W. Bostic Speaks | ||
| 02:30 | PMI Manufacturing | May | |
| 02:30 | Tertiary Industry Index | May | |
| 02:30 | PMI Composite | May | |
| 07:00 | BOJ Core CPI | Apr | |
| 08:00 | Public Sector Net Borrowing | Apr | |
| 09:15 | PMI Manufacturing | May |
