LIFELINE ACCOUNT
A streamlined bank account designed for people with low incomes. Usually, these are for receiving salary payments. May be checking or savings account, it has low balance requirements and no monthly fees. Huge banking institutions offer this basic banking services to the public. In the United States, some of its states are mandated to offer lifeline accounts.
Basic features such as check writing will be available but with a limited monthly quota. Also, other features such as electronic services may be limited unless the bank account holder will pay additional fees.
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Profit
Profit occurs when the amount of revenue gained from a business exceeds the expenses, costs, and tax needed to maintain the business activity.
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Due Diligence Meeting
Meticulous probe conducted by an underwriter, ensuring all details has been revealed to prospective investors before issuing a new security.
Laffer Curve
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Tertiary Industry Index | Apr | |
| 08:00 | Wholesale Price Index | May | |
| 08:30 | Producer & Import Prices | May | |
| 09:00 | SECO Consumer Confidence | May | |
| 10:00 | Trade Balance | Apr | |
| 11:00 | Current Account (sa) | Apr | |
| 11:00 | Industrial Production | Apr | |
| 14:15 | Housing Starts | May | |
| 14:30 | NY Fed Empire State manufacturing index | Jun |
