BANK ENDORSEMENT
Endorsement by bank for an instrument like banker’s acceptance or time draft. It wants to assure counterparty that the bank will be there with their obligations of the instrument.
POPULAR TERMS
Dow Theory
Theory stipulating the market is in an upward trend if one of its averages accelerates above a previous important high, it is followed by the same ...
Continuity of Business Enterprise Doctrine
Taxation principle, applicable to mergers and acquisitions, stating the acquiring company must either carry on the target firm’s usual busine ...
Refinance Wave
Refinance wave is a period in which a huge number of borrowers refinance mortgages in answer to changes in interest rates. When short-term interest ...
Backup Withholding
Tax which is levied on the investment income, at a fixed tax rate, as the investor pulls it out. Backup withholding aids in ensuring that the gover ...
Activity-Based Budgeting - ABB
A budgeting method wherein the activities that are accumulating costs in the organization's functional areas are recorded and its relationship ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
An Introduction to Forex
The foreign exchange market or forex is the largest financial market in the world. It is where the monetary currencies of countries are traded. Thi ...
Digesting Financial Statements: Pension Plans
Deducing on the topic we previously discussed, this tutorial now puts the spotlight on the pension fund. It is a distinct long-term obligation for ...
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 ...
Starting Your Own Small Business: Financing a Business
After choosing the business you want to go into, regardless of the line of business, you need a startup capital in order to keep the business going ...
Health Savings Account: Introduction
In essence, health savings account shoulders any health- and medical-related expenses that are not included in the high-deductible health plan. Pay ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | Bundesbank Monthly Report | ||
| 16:00 | NAHB Housing Market Index | Jul | |
| 01:30 | National CPI | Jun | |
| 01:30 | National CPI ex Fresh Food | Jun | |
| 01:30 | National CPI ex fresh food & energy | Jun | |
| 03:30 | Monetary Policy Meeting Minutes | ||
| 08:00 | Trade Balance | Jun | |
| 08:00 | PPI | Jun | |
| 10:00 | Current Account (sa) | May |
