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.
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Time Value
Portion of an option’s premium attributed to the amount of time left until the contract’s maturity, which has two components: intrinsic ...
Distress Cost
Expenses faced by a company in financial distress, beyond the cost of conducting business. Such costs are split into two categories: ex ante, prior ...
Sample
Sample is a subset consisting of the characteristics of a larger population.
Private Sector Adjustment Factor - PSAF
Federal Reserve Board uses this method to calculate the costs of Fed banks providing services to depository institutions. The services include chec ...
IRS Publication 525 - Taxable and Nontaxable Income
A document that points out many kinds of income and outlines whether a certain income is taxable or nontaxable in filing a return. Published by the ...
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