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.
POPULAR TERMS
Competitive Advantage
Advantage which allows the firm to generate higher sales or margins and/or keep more customers than its rivals. Some examples of competitive advant ...
Organizational Structure
It is a system used to describe a hierarchy in an organization. It describes each job and its function, and where it reports to in the organization ...
Buydown
Mortgage-financing method in which the buyer endeavors to lower the interest rate on a mortgage for at least its first few years. Usually, the buil ...
OSL
It was first formed in 1881, which is considered as the main stock market of Norway. It is known for stock in oil and international shipping compan ...
Origination Points
This kind of fee is charged to the borrower by the lender in order to pay off him or her for the evaluating, processing and approving mortgage loan ...
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SEE FOREX TUTORIAL
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 ...
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.
Digesting Financial Statements: Long-Lasting Liabilities
Long-lived liabilities refer to obligations which are due more than a year. Some examples of long-term debt include convertible bond and capital le ...
Buying a Home: Selecting a House Suitable for Your Needs
After choosing the best location of your new house, it is about time to decide on the home that you want. Basically, there are three types of homes ...
Introduction to Inflation
I asked my grandparents about the cost of living during World War II. They told me people during that period could buy a house for $5,000, a car fo ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 08:30 | Producer & Import Prices | Mar | |
| 12:00 | Bundesbank Monthly Report | ||
| 14:30 | NY Fed Empire State manufacturing index | Apr | |
| 14:30 | FOMC Member Charles Evans Speaks | ||
| 16:30 | Overview of business prospects, according to the Bank of Canada | 1 quarter | |
| 16:30 | Bank of Canada Senior Loan Officer | 1 quarter | |
| 19:00 | FOMC Member Charles Evans Speaks | ||
| 22:00 | TICS | Feb | |
| 02:00 | FOMC Member Eric Rosengren Speaks |
