STANDARD DEDUCTION
Standard deduction is a method that may be used by taxpayers if the itemized deduction in the taxable income calculation is not used. In this method, the income’s base amount not subject to tax may be used to cut down the adjusted gross income (AGI) of the taxpayer. The standard deduction amount will depend on several factors involving the taxpayer such as filing status, the age, the disabilities, if there are any, the dependency on other taxpayer.
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Closet Indexing
Investing strategy in which an investor or investment manager attempts to attain returns similar to the performance of a benchmark index without ex ...
Stub Quote
Order to buy or sell a stock above the stock’s market price. Trading companies use these quotes when they don’t want to trade at specif ...
Swing for the Fences
Expression used to describe huge returns in the stock market. Investors aiming to swing for the fences are endeavoring to reach a financial home ru ...
Blue Collar
Working class individual that perform manual labor and is paid per hour. In history, manual laborers wore blue shirts, which could hold a slight du ...
Desk Trader
A trader restricted to instituting trades for the clients of a firm and unable to trade with own accounts of his or her firm.
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