EXPRESS WARRANTY
Oral or written agreement between the contract seller, dealer, independent firm, or manufacturer and the product buyer to provide repair or replacement for covered components of the product for some defined time period. This is a seller’s guarantee or pledge a buyer counts on when they buy an item. In the United States, a firm must give a written express warranty if a product is sold for over $15 under the Magnuson-Moss Warranty Act.
POPULAR TERMS
Laffer Curve
The relationship between tax rates and tax revenue collected by the government. Formed by Arthur Laffer, the curve states there is an optimal tax i ...
Coopetition
Cooperation between rival firms. Entities partaking in both competition and cooperation are considered in coopetition. Some corporations take advan ...
Most Favored Nation Clause
A degree of status bestowed to a nation by another, which is executed by the World Trade Organization (WTO). A country accords this clause to anoth ...
Effective Debt
Net total of all the firm’s outstanding debt. Aside from the standard debt issues, it will also add up and capitalize any payments the firm i ...
Including Rental of Vacation Homes
A document, published by the Internal Revenue Service (IRS), that gives information for individuals with residential properties which are rented ou ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Digesting Financial Statements: System
A financial statement serves as an avenue for assimilating the overall health of a business. Let’s illustrate the four key steps in a cash-ba ...
Buying a Home: Getting Pre-Approved for a Mortgage
You have determined the amount needed to buy the home of your dreams. Now, figure out the amount a bank can lend you. The rationale behind this is ...
Students, How Much Can You Afford to Borrow?
You are about to finish high school. The financial aid office of the university you are considering gave you a financial aid. You are also qualifie ...
Student Loans: Loan Repayment
Students, soon after your graduation, you need to enter the repayment phase. In other words, you have to start paying off your student loans. This ...
Student Loans: Consolidating Federal Loans
If you find it difficult to monitor and pay the student loans on your own, and want to reduce your monthly payment and lengthen the repayment sched ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:01 | Rightmove House Prices | Jan | |
| 04:00 | Real GDP | 4 quarter | |
| 04:00 | Real GDP (YTD) | 4 quarter | |
| 04:00 | Fixed Asset Investment | Dec | |
| 04:00 | Industrial production | Dec | |
| 04:00 | Retail Sales | Dec | |
| 04:00 | Unemployment Rate | Dec | |
| 04:00 | NBS Press Conference | ||
| 06:30 | Tertiary Industry Index | Nov |
