DOUGLAS AMENDMENT
Amendment to the Bank Holding Act of 1956, preventing banks from acquiring banks throughout various states. But a bank can seek exception to the rule by getting an authorization of the state of the bank to be obtained. The authorization is rarely granted and permitted in limited circumstances.
POPULAR TERMS
Sharing Economy
Sharing Economy is an economic model. In this model, individuals are allowed to borrow and rent assets from someone else. The sharing economy model ...
Involuntary Cash-Out
Distribution of the balance of a participant’s retirement account under an eligible plan without the written permission of the participant, h ...
Bankruptcy
A legal proceeding involving a person or business that is unable to repay outstanding debts. The bankruptcy process begins with a petition filed by ...
Current Exposure Method
System that measures the credit risk of default from swaps, forwards, options, and other contracts. An investor’s total exposure is tantamoun ...
London Interbank Mean Rate - LIMEAN
The interest rate in the London Interbank market that is calculated by getting the average of the offer rate (LIBOR) and the bid rate (LIBID). This ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Digesting Financial Statements: Cash Flow
Companies generate money from borrowers and/or borrow money from creditors. Next, firms purchase assets and/or finance projects and programs. Then, ...
Connection of Inflation and Interest Rates
We cannot simply ignore the connectivity of inflation and interest rates. Both items are interrelated. So, whenever there is a news item about a co ...
Introduction to Banking
Banking is an integral part of any financial system. In order to keep your money safe and start building wealth, you need a place where your funds ...
Buying a Home: Finding the Best House
Nothing can stop you from looking for the home of your dreams. Even though you have no agent, you can do your own diligence. Drive around neighborh ...
How Do You Intend to Live?
How do you want to live?
You are no longer happy with the current state of your home. So you are mulling the idea of moving out or remode ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 20:00 | Federal Budget Balance | Jun | |
| 00:00 | NZIER Business Confidence | 2 quarter | |
| 00:45 | Visitor Arrivals | May | |
| 01:01 | BRC Retail Sales Monitor | Jun | |
| 02:30 | Westpac Consumer Sentiment | Jul | |
| 03:30 | NAB Business Confidence | Jun | |
| 04:31 | Trade Balance | Jun | |
| 06:30 | Industrial Production | May | |
| 08:00 | Wholesale Price Index | Jun |
