LOCAL EXCHANGE TRADING SYSTEMS
A locally initiated and organized economic organization, which allows members to partake in exchanging goods and services, among others. It uses a locally created currency as denominations of units of value that can be bartered or traded in exchange for products and services. LETS members usually view the systems as cooperative and organized system, which maximize purchasing power while benefiting members and the community.
In Toronto Canada, it is called Local Employment and Trading System; while in New South Wales, Australia, it is known as Local Energy Transfer Systems.
POPULAR TERMS
Mature Economy
An economic situation where the birth rate is stable or lower than mortality rate, as well as the pace of economic growth has slowed down. It is ch ...
Blackberry Addiction
Colloquial term for overreliance or overuse of Blackberry. The smartphone is manufactured by Research in Motion. It is a prevailing condition for s ...
Completed Contract Method - CCM
Accounting method allowing a taxpayer or business to defer reporting of income and expenses until the contract has been completed. Frequently, this ...
Choice Market
Market in which the spread between the bid and ask prices for a particular financial instrument is zero. Meaning the instrument can be purchased fo ...
Rational Pricing
A theory that states the prices that reflect a security’s fundamental value and the absence of arbitrage opportunities.
POPULAR ARTICLE
SEE FOREX TUTORIAL
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Retirement Planning: Maximizing the Power of Compounding
“The early bird catches the worm.” – William Camden
Ethical Investing: Environmentally-Conscious Investing
Environmentalist or not, as an investor, you care so much about your surroundings. Hence, you invest in companies that can reduce their negative im ...
A Guide to Income Tax: Overlooked Credits and Cuts
The US tax code changes from time to time, and majority of taxpayers cannot name at least three of the most common deductible expenditures. On that ...
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.
“ ...
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