ENRON
American energy trading and utilities firm which brought one of the largest accounting frauds in history. Its executives incorporated accounting acts which falsely inflated its revenue. At the height of the scandal, the company became the seventh biggest company in the United States. When the fraud ended, it filed for Chapter 11 bankruptcy in 2001.
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Mad Hatter
A leader or managerial team who makes impulsive or unusual decisions. Usually a CEO, a mad hatter will frequently make puzzling decisions, which ma ...
Frozen Account
A bank account from which no funds may be withdrawn or purchases that may be charged. A frozen account may occur when the account holder fails to p ...
Foreclosure Action
The legal proceedings done by a lender in the cast of mortgage default. Foreclosure action is the actual filing of and carrying through of the fore ...
United States Dollar
The USD (United States Dollar) is the abbreviation for the currency of the United States of America. The United States dollar is equivalent to 100 ...
Property Dividend
A substitute to cash or stock dividends. It may either include shares of a subsidiary company or physical assets such as inventories that a company ...
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SEE FOREX TUTORIAL
Retirement Planning: Creating a Nest Egg
Last time, we discuss the different income sources for building a retirement fund. We shall now tackle the ways to create a retirement nest egg.
A Guide to Your Personal Income Tax: Essentials
In the United States, the progressive tax system is one of the most important yet misunderstood concepts of tax planning. Whenever people are asked ...
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 ...
Ethical Investing: Knowing Human Rights and Workers` Rights
Ethical investors want to know how corporations treat people, specifically their workers. They depend on the UN Universal Declaration of Human Righ ...
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 ...
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| 03:45 | Markit Final Manufacturing PMI | Sep |
