ABILITY TO PAY
An economic principle that states that the tax amount that an individual pays must be dependent on the degree of burden that the tax will create in relation to the wealth of an individual. The principle of ability to pay advocates that the real amount of tax to be paid isn't the only factor to be addressed, and that other issues, such as ability to pay, should also be put into consideration into a tax system.
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SEC Form 10-KT
SEC Form 10-KT is a filing which is submitted in lieu of or in addition to a standard 10-K annual report under the Securities and Exchange Commissi ...
Actuarial Life Table
A spreadsheet or table that displays the probability of a person to die at a certain age before his/her next birthday. The remaining life expectanc ...
UCC-1 Statement
UCC-1 Statement is a document listing and describing any personal property that a borrower is using as collateral for a loan.
Leo F. Mullin
A former Chairman and Chief Executive Officer of Delta Air Lines, Inc. His career started with consulting firm McKinsey and became the first CEO ou ...
Pundit
An individual who expresses their opinions publicly on a topic on which they consider themselves an expert.
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SEE FOREX TUTORIAL
Student Loans: Consolidating Private Loans
Fixed interest rates.
That is one viable reason for consolidating private loans although you are not mulling over that option. Private lo ...
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 ...
A Primer on Retirement Planning
Every person dreams of enjoying their lives once they reach their golden years. Most people desire living in a house with a beach front view or a m ...
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, ...
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 ...
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