ABANDONMENT CLAUSE
In a property insurance contract, it is a clause that states that in some circumstance, the owner of the property may abandon a damaged or lost property but still has the right to claim a settlement amount in full. For example, if the property of the insured party has to way to be recovered, or if the damage is too severe that the cost of repair is more than the actual value, the insured party may abandon the property but he or she is still entitled to a settlement amount in full.
POPULAR TERMS
Loss Carryback
An accounting technique where a company chooses to retroactively apply net operating losses to the previous year’s income in order to decreas ...
Retail Banking
Typical mass-market banking where individual customers use local branches of larger commercial banks. Services offered include savings and checking ...
Capital Stock
The preferred and common stock a firm is approved to disperse,based to their corporate charter. This symbolizes the extent or bulk of the equity po ...
Overfunded Pension Plan
It is a company retirement plan that has more assets than liabilities. Basically, there is a surplus amount of money needed to cover current and fu ...
Financial Risk
The possibility that shareholders will lose money when they invest in a company that has debt, if the company's cash flow proves inadequate to ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Buying a Home: Everybody’s Goal
Since childhood, Selena has always dreamed of owning a large farm house surrounded with lots of animals – every kind of animal the world has ...
Buying a Home: Selecting a House Suitable for Your Needs
After choosing the best location of your new house, it is about time to decide on the home that you want. Basically, there are three types of homes ...
A Guide to Your Personal Income Tax: Basics
For many filing your personal income tax is one of the most frustrating things to do. However, by planning ahead and pacing yourself, doing your ta ...
Digesting Financial Statements: Long-Lasting Assets
Long-lived assets, also known as non-current assets, is any asset a company expects to keep for at least one year. Such assets are expected to boos ...
Buying a Home: Writing an Offer
You’re down to the last four steps to buying your dream house. Now, you need to write an offer and the seller has to accept it. Take into acc ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:30 | PMI Manufacturing | Jul | |
| 03:00 | MI Inflation Gauge | Jul | |
| 03:30 | ANZ Jobs Advertisements | Jul | |
| 03:45 | Markit Final Manufacturing PMI | Jul | |
| 07:00 | Consumer Confidence | Jul | |
| 08:00 | Retail Sales | Jun | |
| 08:30 | Retail Sales | Jun | |
| 08:30 | CPI | Jul | |
| 09:15 | PMI Manufacturing | Jul |
