PRIVATE FOUNDATION
An organization that doesn’t qualify as a public charity by the standards of a government. A private foundation is normally created through a single primary donation from a business or individual and whose funds are managed by its trustees or directors. As such, rather than funding its ongoing operations through periodic donations, a private foundation generates income by investing its initial donation, often disbursing the bulk of its investment income each year to desired charitable activities.
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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
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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 ...
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A theory that states the prices that reflect a security’s fundamental value and the absence of arbitrage opportunities.
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