ABSOLUTE AUCTION
A kind of auction wherein the highest bidder is awarded with the sale. Reserve price, which sets a minimum required bid for the item to be sold, do not exist on absolute auctions. Foreclosed properties maybe related as a type of absolute auction., wherein the foreclosed property is acquired by the winning bid. This is in contrast to a lender confirmation auction, wherein the bid must be approved by the lender first before the transaction will be completed.
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Mad Hatter
A leader or managerial team who makes impulsive or unusual decisions. Usually a CEO, a mad hatter will frequently make puzzling decisions, which ma ...
Frozen Account
A bank account from which no funds may be withdrawn or purchases that may be charged. A frozen account may occur when the account holder fails to p ...
Foreclosure Action
The legal proceedings done by a lender in the cast of mortgage default. Foreclosure action is the actual filing of and carrying through of the fore ...
United States Dollar
The USD (United States Dollar) is the abbreviation for the currency of the United States of America. The United States dollar is equivalent to 100 ...
Property Dividend
A substitute to cash or stock dividends. It may either include shares of a subsidiary company or physical assets such as inventories that a company ...
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SEE FOREX TUTORIAL
Getting to Know The Federal Reserve
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A Guide to Your Personal Income Tax: Papers
Documentation is the most significant part of taxation. If you do not properly account your income and expenses, chances are you will likely miss o ...
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 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 ...
Renovate or Move?
You have a well-furnished home with a garden full of flowers and plants. Imagine sharing your beautiful abode, which has four bedrooms, a kitchen, ...
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