ACCOUNTING CUSHION
It is the overstatement of a company’s expense provision to create a cushion for future results. Its is used to understate income in a current period by overstating liability or allowance accounts. This can be achieved by increasing allowances for bad debts in the current period, without any indication that bad debts will actually rise.
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Gift Letter
Written correspondence given to a lender acknowledging the money received is a gift from a friend or relative. Normally, it occurs when a borrower ...
Digits Deleted
A designation on an exchange's ticker tape that refers to the absence of one or more price digits caused by tape delay. Digits deleted comes in ...
Quadruple Witching
Basically, quadruple witching is the day in which all contracts for stock index options and futures, single stock futures, and stock options expire ...
Cash on Delivery - COD
Transaction in which payment for an ordered good is made on its delivery date and time. The good will be returned to the seller should the buyer fa ...
Robo-Signer
A mortgage servicing company employee signing foreclosure documents without reviewing them. A robo-signer does not review details of individuals, a ...
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Student Loans: Private Loans
Majority of students consider federal loans as their first borrowing choice. But this loan may not be able to shoulder an entire tuition, not to me ...
Digesting Financial Statements: Working Capital
Analysts and investors look at the working capital and its trends to measure a company’s financial performance. This metric determines a busi ...
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 ...
Students, How Much Can You Afford to Borrow?
You are about to finish high school. The financial aid office of the university you are considering gave you a financial aid. You are also qualifie ...
Gauging Inflation
In the United States, the inflation rate was 0.2% through the 12 months ended July. In the United Kingdom, inflation was 0.1% in July.
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 13:00 | Bundesbank Monthly Report | ||
| 15:30 | New Housing Price Index | Dec | |
| 17:00 | Consumer Confidence | Jan | |
| 17:00 | Leading Index | Dec | |
| 02:30 | NAB Business Confidence | Dec | |
| 02:30 | PMI Manufacturing | Jan | |
| 02:30 | Tertiary Industry Index | Jan | |
| 02:30 | PMI Composite | Jan | |
| 07:00 | BOJ Core CPI | Dec |
