TRANSFERABLE LETTER OF CREDIT
Irrevocable letter of credit allowing the beneficiary to assign part or all of the credit available to another party. The primary beneficiary accepts the credit from the bank, then the issuing bank can only transfer this credit upon the primary beneficiary’s approval.
POPULAR TERMS
Fiduciary Fraud
An illegal practice committed by financial institutions and professionals that constitutes a breach of trust between the financial agent and client ...
Incremental Tax
Tax that increases in increments according to a taxpayer’s income level. Incremental taxes must be considered when assessing new investment o ...
Advance-Deposit Wagering - ADW
A kind of gambling on the results of horse races wherein a prior funding of the account is needed before the bettor is allowed to place bets. The A ...
Earnings Momentum
Term describing the corporate earnings per share (EPS) growth accelerates or decelerates from the previous fiscal quarter or year. It normally coex ...
Income Property Mortgage
Loan given to an investor to buy a residential or commercial rental property. Normally, these are much difficult to qualify for and frequently requ ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
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.
Ethical Investing: Niche Investment Style
Over the past two years, sustainable, responsible, and impact investing (SRI) has grown significantly in the United States. Based on the US SIF Fou ...
Buying a Home: Everybody’s Goal
Since childhood, Selena has always dreamed of owning a large farm house surrounded with lots of animals – every kind of animal the world has ...
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 ...
Digesting Financial Statements: Working Capital
Analysts and investors look at the working capital and its trends to measure a company’s financial performance. This metric determines a busi ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Economy Watchers Survey | Nov | |
| 08:45 | Unemployment Rate | Nov | |
| 09:00 | Trade Balance | Oct | |
| 11:30 | Sentix Investor Confidence | Dec | |
| 15:15 | Housing Starts | Nov | |
| 15:30 | Building Permits | Oct | |
| 00:05 | RBA Governor Philip Lowe Speaks | ||
| 01:50 | M2 Money Supply + CD | Nov | |
| 02:30 | NAB Business Confidence | Nov |
