THREE-YEAR RULE
Section 2035 of the tax code stating assets given through ownership transfer, or assets that the original owner has relinquished power, are to be stated in the gross value of an individual’s estate if it occurred within three years of his death. If gifted assets failed to meet the necessary requirements, its value is accrued to the estate’s worth at the time of the original owner’s death. As a result, the estate’s value and tax imposed on it increase.
POPULAR TERMS
MXN
Currency abbreviation for Mexican peso, official currency of Mexico. The currency is comprised of 100 centavos and presented with the symbol $ or M ...
Buy Stops Above
Recommendation to purchase a given security once a security’s price surpasses a particular resistance level by putting a buy stop order at th ...
Best Efforts
An agreement where an underwriter promises to make a full-fledged attempt to sell as much of an initial public offering as possible to the public. ...
Held by Production
A provision in an oil property lease that lets the lessee, often an energy company, to continually drill on the property so long as it is producing ...
Incremental Value at Risk
Amount of uncertainty added or deducted from an investment portfolio by buying a new instrument or selling an old one. Investors use incremental Va ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Health Savings Account: Introduction
In essence, health savings account shoulders any health- and medical-related expenses that are not included in the high-deductible health plan. Pay ...
Principles of Trading: Charting
Where can you see market movements? Charts. Thanks to technology, traders can view as many market information as they can in one go. But not all ch ...
An Introduction to Forex Currencies
As the biggest market in the world, the foreign exchange market or forex is also one of the most participated in the world. As such, learning about ...
Defining Inflation
Inflation is the sustained increase in the overall level of products and services in an economy over a particular time period. Expressed as percent ...
Student Loans: Federal Loans
Most of the students mull over the idea of maximizing the federal loan availability first before borrowing for college through a private loan. Norm ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 01:01 | BRC Retail Sales Monitor | Sep | |
| 01:50 | Bank Lending | Sep | |
| 01:50 | Domestic Corporate Goods Price Index | Sep | |
| 02:30 | NAB Business Confidence | Sep | |
| 02:30 | Monetary Policy Meeting Minutes | ||
| 08:00 | CPI | Sep | |
| 08:00 | Harmonized CPI | Sep | |
| 12:00 | NFIB Small Business Index | Sep | |
| 16:00 | Existing Home Sales | Sep |
