A.M. BEST
Recognized by the SEC. as one of the established ratings agencies. The traditional focus of A.M. Best is concentrated in providing the letter rating for insurance carriers. It branched out recently to financial securities such as bonds. The ability to fulfill its debt obligations is the basic measurement of a company. The ratings range from S (suspended) to A++ (superior).
POPULAR TERMS
Applied Overhead
Under the method of cost-accounting, it records applied overhead which is the fixed charge to a department in a company or specific job production. ...
Currency Substitution
Replacing the domestic currency with a foreign currency in a transaction. Governments and citizens of developing nations have used foreign currenci ...
Black Tuesday
The Dow Jones Industrial Average lost 12% or over 16 million shares in a panic selloff on October 29. 1929.
Deductible
An amount subtracted from an individual's adjusted gross income to reduce the amount of taxable income. The amount you have to pay out-of-pocke ...
Jeffrey Sachs
An American economist and Director of the Earth Institute. Sachs also teaches sustainable development and health policy and management at Columbia ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
An Introduction to the Basics of Economics
Economics, as defined by the dictionary, is the science that is concerned with the process or system by which goods and services are produced, sold ...
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, ...
Buying a Home: Closing the Deal
It’s almost done! With just a few steps away, the house that you have been dreaming of will be yours.
Buying a Home: Getting Pre-Approved for a Mortgage
You have determined the amount needed to buy the home of your dreams. Now, figure out the amount a bank can lend you. The rationale behind this is ...
Retirement Planning: Maximizing the Power of Compounding
“The early bird catches the worm.” – William Camden
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 05:00 | Credit Card Spending | Aug | |
| 12:00 | Bundesbank Monthly Report | ||
| 14:30 | New Housing Price Index | Aug | |
| 16:00 | Federal Reserve Chairman Jerome Powell Speaks | ||
| 16:00 | Federal Reserve Chairman Jerome Powell Speaks | ||
| 16:00 | FOMC Member Randal K. Quarles Speaks | ||
| 16:00 | FOMC Member Lael Brainard Speaks | ||
| 18:00 | FOMC Member Lael Brainard Speaks | ||
| 18:00 | FOMC Member Lael Brainard Speaks |
