GREENBACK
Colloquial term for the US dollar, named after the green color of the US currency bill. However, it was a negative term in the mid-1880s. At that time, the Continental Congress had no taxing authority. Because of that, the greenbacks did not have a secure financial banking and banks were hesitating to give customers the full value of the currency.
POPULAR TERMS
Cash-Value Life Insurance
Life insurance policy which pays out upon the holder’s death and accumulates cash value over his lifespan. The policyholder may use the cash ...
Mature Industry
An industry that has surpassed both the emerging and rapid growth industry phases. Market shares, earnings, and profits have slowed down in m ...
Economic Man
A hypothetical individual who acts and thinks rationally, and also has complete knowledge but has no self-interest to maximize personal utility. It ...
Debt Rescheduling
A practice that involves restructuring the terms of an existing loan in order to extend the repayment period. Debt rescheduling may mean a delay in ...
Synthetic
Financial instrument fabricated artificially by mimicking another instrument with the combined attributes of a pooled assets.
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SEE FOREX TUTORIAL
Retirement Planning: Allocating Money for Retirement
In the previous tutorial, we outlined the significance of retirement. Now, let’s talk about the how in retirement planning.
“ ...
Gauging Inflation
In the United States, the inflation rate was 0.2% through the 12 months ended July. In the United Kingdom, inflation was 0.1% in July.
Digesting Financial Statements: Earnings
For assessing how a company performed in a given period, the relation between income and cash flow statements should be taken into account. Several ...
A Guide to Becoming a Finance Expert
Wouldn’t it be nice not having to rely on another person when managing your funds? Aside from the added convenience it brings, being able to ...
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.
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Industrial Production | Apr | |
| 08:30 | Producer & Import Prices | May | |
| 11:00 | Industrial Production | Apr | |
| 14:30 | Manufacturing Shipments | Apr | |
| 15:30 | Leading Indicators | Apr | |
| 00:45 | Food Price | May | |
| 03:30 | Monetary Policy Meeting Minutes | ||
| 03:30 | House Price Index | 1 quarter | |
| 06:30 | Tertiary Industry Index | Apr |
