MEDICARE PART D
A US prescription drug benefit program that was designed via Medicare Prescription Drug, Improvement, and Modernization Act of 2003. "D" means drugs. The program aims to subsidize the costs of prescription drugs and insurance premiums for beneficiaries. It gives three basic choices for recipients: stay in traditional Medicare without registering for the prescription drug benefit stated in the Act, remain in traditional Medicare, and sign up in a Medicare drug plan, other Medicare plans, or a comprehensive private health plan that can or cannot cover the prescription costs). The program started offering coverage on January 1, 2006.
POPULAR TERMS
Significant Order
Significant order is the order to buy or sell a security whose size is so big that it has the ability to affect the price of a security significant ...
Run On The Fund
A situation where a huge number of investors withdraw their investment in a hedge fund. This usually happens when a fund has been performing poorly ...
Ovoboby
A condition, in which a market is measured to be overbought, overvalued, overly bullish, and is experiencing upward pressure on Treasury yields. If ...
Capital Dividend Account - CDA
A corporate tax account which is special that provides shareholders entitled capital dividends, tax-free. In the firm’s taxable financial sta ...
Long Squeeze
A situation when a sudden plunge in price provokes further selling, which pressures long holders of the stock into selling their shares in order to ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
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 ...
Featured Investment: The American Depository Receipt
Investments are what trading is all about. And knowing about the various available investment options and how to trade them is one of the keys to a ...
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 ...
Digesting Financial Statements: Long-Lasting Liabilities
Long-lived liabilities refer to obligations which are due more than a year. Some examples of long-term debt include convertible bond and capital le ...
Digesting Financial Statements: Pension Plans
Deducing on the topic we previously discussed, this tutorial now puts the spotlight on the pension fund. It is a distinct long-term obligation for ...
ECONOMIC CALENDAR
Time | Country | Indices | Period |
---|---|---|---|
02:00 | MI Inflation Gauge | Nov | |
02:30 | ANZ Jobs Advertisements | Nov | |
02:30 | Company Operating Profits | 3 quarter | |
02:30 | Retail Sales | Oct | |
09:00 | Trade Balance | Oct | |
09:30 | CPI | Nov | |
10:00 | Unemployment Change | Nov | |
11:30 | Sentix Investor Confidence | Dec | |
17:00 | Factory Orders | Oct |