ILLEGAL DIVIDEND
Dividend declared for violating a firm’s charter and/or state laws. Should illegal dividend be declared, the creditors and shareholders can sue a corporation’s board of directors. The firm may also face prosecution.
POPULAR TERMS
Accrual Rate
An accrual rate is measured from an independent market index, with a margin,and has a fixed loan origination. It is also the rate of an interest th ...
Monetarism
School of economic thought based on the belief the inflation leans on how much money the government issues. It is nearly associated with Nobel-Laur ...
Auditing Standards Board - ASB
AICPA's (American Institute of Certified Public Accountants) senior technical committee for quality control, attestation, and auditing. The Aud ...
Clean Bill of Lading
Bill of lading the carrier issued stating the products have been received without any damage or shortfall. The product carrier will issue a clean b ...
Options
A fence or collar is an option strategy that establishes a trading band around a security or commodity, generally to protect profits. One form of a ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
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.
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 ...
An Introduction to Stocks
Imagine this: you are a company owner, you get income but you don’t go to work, you just do what you want and the money keeps coming in. This ...
A Guide to Your Personal Income Tax: Avoid Awful Surprises
Who loves to be surprised by the Internal Revenue Services? No one (unless it is a tax refund). The federal agency has its way of shocking taxpayer ...
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 |
|---|---|---|---|
| 02:00 | MI Inflation Gauge | Dec | |
| 09:00 | Wholesale Price Index | Dec | |
| 11:00 | Retail Sales | Nov | |
| 11:30 | GDP | Nov | |
| 11:30 | Industrial Production | Nov | |
| 11:30 | Manufacturing Production | Nov | |
| 11:30 | Visible Trade Balance | Nov | |
| 11:30 | Construction Output | Nov | |
| 11:30 | Index of Services | Nov |
