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.
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Senior Stretch Loan
Senior Stretch Loan is a particular kind of loan to a business entity. Senior Stretch Loans have the features of both asset-based loans and cash-fl ...
Spread to Worst
Spread to worst is the discrepancy between two security classes in terms of overall returns. It may also be used in securities in the same class bu ...
Correlation Coefficient
Statistical measure determining the degree of interdependence of two variables. It describes the change in one variable relative to another variabl ...
Fractional Ownership
Fractional ownership in an asset. Fractional ownership shares in the asset are sold to individual shareholders who share the benefits of the asset ...
Unfair Trade Practice
Unfair Trade Practice is the use of any unethical, fraudulent, or deceptive method to obtain a particular business.
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SEE FOREX TUTORIAL
How Do You Intend to Live?
How do you want to live?
You are no longer happy with the current state of your home. So you are mulling the idea of moving out or remode ...
Retirement Planning: Creating a Nest Egg
Last time, we discuss the different income sources for building a retirement fund. We shall now tackle the ways to create a retirement nest egg.
Choosing Your Bank
Now that you’ve learned the basics of banking and the importance of it, you are now ready to put your money in a bank. But which bank should ...
Student Loans: Repayment in Times of Financial Difficulty
One day, you are in the middle of a financial hardship. Unfortunately, you still have student loans to pay. What will you do? In times like these, ...
Digesting Financial Statements: Earnings
For assessing how a company performed in a given period, the relation between income and cash flow statements should be taken into account. Several ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:01 | Rightmove House Prices | Jan | |
| 04:00 | Real GDP | 4 quarter | |
| 04:00 | Real GDP (YTD) | 4 quarter | |
| 04:00 | Fixed Asset Investment | Dec | |
| 04:00 | Industrial production | Dec | |
| 04:00 | Retail Sales | Dec | |
| 04:00 | Unemployment Rate | Dec | |
| 04:00 | NBS Press Conference | ||
| 06:30 | Industrial Production | Nov |
