MORRIS PLAN BANK
A non-traditional bank that lends money to individual who cannot obtain loans spurned by mainstream banks. Established in 1910, Fidelity Savings & Trust Co. was the first Morris Plan bank with $20,000 in capital. There were 109 Morris Plan banks in 1931. However, the number sank after the economy recouped from the Great Depression and commercial banks started offering small loans. Today, there are more than 100 Morris plan banks all over the United States with an average loss on loans at less than 0.1%.
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Backup Withholding
Tax which is levied on the investment income, at a fixed tax rate, as the investor pulls it out. Backup withholding aids in ensuring that the gover ...
Stroud Pound
Local, private currency used in Stroud, Gloucestershire. Launched in 2009, it is an initiative supporting and stimulating the local economy by enga ...
Phantom Income
Income paid to a taxpayer during the tax year that is not constructively received at the taxpayer's end. Phantom income is not terribly common, ...
Capital Gains Distribution
In a mutual fund, this is the payment of proceeds incited by a manager of fund’s liquidation of underlying securities and stocks. This takes ...
Market Capitalization Rule
A regulation made by New York Stock Exchange (NYSE) to determine the minimal market value of every firm. The rule states companies should maintain ...
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SEE FOREX TUTORIAL
Principles of Trading: Record Keeping and Taxation
It is imperative for every trader to maintain a precise, organized, and latest trading-related records. Hence, traders should keep both hard and di ...
Retirement Planning: Allocating and Diversifying
The assets you select to invest in will depend on numerous factors, including your risk appetite and investment timeframe. The two primary factors ...
A Guide to Your Personal Income Tax: Basics
For many filing your personal income tax is one of the most frustrating things to do. However, by planning ahead and pacing yourself, doing your ta ...
Retirement Planning: The Significance of Retirement
Previously, we went through the overview of retirement. In this article, we will now explore its significance, before discussing how to map out a s ...
A Guide to Your Personal Income Tax: Papers
Documentation is the most significant part of taxation. If you do not properly account your income and expenses, chances are you will likely miss o ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
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| 01:50 | Retail Sales | Oct | |
| 02:30 | Company Operating Profits | 3 quarter | |
| 10:00 | CPI | Nov | |
| 10:30 | BOJ Governor Haruhiko Kuroda Speaks | ||
| 11:30 | M4 Money Supply | Oct | |
| 11:30 | Mortgage Approvals | Oct | |
| 11:30 | Net Lending to Individuals | Oct | |
| 12:00 | Consumer Confidence | Nov | |
| 15:00 | CPI | Nov |
