ASSIGNMENT OF PROCEEDS
The document which transfers a part or all of the proceeds coming from a letter of credit towards a third party benefit. In order to acquire an assignment of proceeds, the letter of credits' beneficiary must give, in writing, a request to the bank for the assignment of the funds to an alternative individual or company.
Performance Index Paper - PIP
Short-term paper on which the rate of interest is denominated and paid in a base currency. Performance index paper's interest rate is determine ...
It refers to the intentional selling of stock on a large scale to make financial pressure on a corporation to force social change.
Individual or group sharing ownership in an asset with another individual or group. Co-owner of an asset holds a certain percentage although this m ...
It refers to the interest that a debtor pays before the first scheduled repayment of debt.
Other Comprehensive Basis of Accounting - OCBOA
These are financial statements prepared using a system of accounting that differs from GAAP, the most common being tax-basis and cash-basis financi ...
Right Timing for Ditching Mutual Funds for ETFs
Certain investors abandon mutual funds to favor exchange-traded funds. Looking at your risk appetite, current financial situation, and investment g ...
Understanding Bid-Ask Spread
The bid-ask spread is the difference between the bid price and ask price of an instrument. That spread is a significant factor one should take into ...
Negative Interest Rates’ Impact on Currencies
Years ago, a massive financial conflict saw the remarkable drop of interest rates globally, which had a hard time recovering due to the sluggish ec ...
Pros and Cons of Investing in Green Bonds
A green bond is a tax-exempt debt instrument that encourages sustainability and the development of brownfield sites. Such sites are pieces of land ...
Downside of Investing in ETFs
An exchanged-traded fund has greater daily liquidity and lower rates unlike other investments, making it a great tool for diversification. But it h ...
SEE FOREX TUTORIAL
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 Guide to Income Tax: Overlooked Credits and Cuts
The US tax code changes from time to time, and majority of taxpayers cannot name at least three of the most common deductible expenditures. On that ...
Starting Your Own Small Business: Choosing What You Want to Sell
Some people say that the only real way to get rich is by starting your own business. However, this is untrue; there are a lot of reasons to start y ...
A Guide to Your Personal Income Tax: Avoid Awful Surprises
Who loves to be surprised by the Internal Revenue Services? No one (unless it is a tax refund). The federal agency has its way of shocking taxpayer ...
Principles of Trading: Automating Strategies
An automated trading system basically lets a computer to do the work of a trader by setting certain rules for entering and exiting trades. That com ...
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