GUARANTEE COMPANY
Corporation designed to guard members from liability but normally does not distribute gains to its members and divide assets into shares. Members of this firm are required to pay a fixed amount of money if the company is wound up. It can vary from one member to another. However, it is normally small for private guarantee companies and bigger guarantee firms.
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Asset Substitution Problem
A problem which arises when a company trades its low-risk assets for high-risk investments. This substitution moves the value from the bondholders ...
Lawful Money
Any currency, in coin or paper form, that is issued by the United States Treasury, not the Federal Reserve System. It also includes gold and silver ...
Red Clause Letter Of Credit
It refers to a specific type of letter of credit where a buyer extends an unsecured loan to a seller. This permits documentary credit beneficiaries ...
Trust Certificate
Bond or debt investment backed by other assets and serve like a collateral. Normally in a public company, the assets may be seized or sold for the ...
Cowboy Marketing
Slang term for a situation in which a firm is unaware a marketer sends massive spam emails to everyone promote the stock, instead of producing legi ...
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Digesting Financial Statements: Filing
Companies need to file several financial reports in different periods with the Securities and Exchange Commission.
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Ethical Investing: Instruments for Ethical Investing
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Retirement Planning: Creating a Nest Egg
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