Tag: ALL
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What are the classifications of bank credit?
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Bank credit ratings are estimates of the probability of a bank’s bankruptcy or default. They are grades assigned by agencies like Moody’s Investors Service. Bank credit ratings are estimates of the probability of a bank’s bankruptcy or default. They are grades assigned by agencies like Moody’s Investors Service. Definition and…
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Payroll Taxes: The Basics for Employers
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Payroll taxes are taxes withheld by employers from employees’ wages and deposited on behalf of the employees and themselves to the appropriate tax authorities. As an employer, you are expected to collect and pay these taxes through your payroll process. Payroll Tax Guarantees U.S. federal payroll taxes consist of several…
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22 Websites to Sell Things Online (2023)
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By: Michael Keenan Introduction The number of selling websites has rapidly increased, leading entrepreneurs to wonder: should they sell goods through online platforms? Currently, there are hundreds of places to sell items online. Some sites focus on specific niches like video games and technology, while others allow sellers to sell…
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Working with a Flexible Schedule – Definition and Guide
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What Does Working on a Flexible Schedule Mean for Employees? A flexible schedule allows employees to work at hours that differ from the standard starting and ending times set by the company. Especially in the case of exempt employees, these hours are typically from 8 AM to 5 PM or…
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The Right Way to Gift Money to Your Children
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Setting a Goal Before giving a financial gift, you need to understand why you are doing it. You may be looking to fund a future goal such as college education or retirement, or you may want to teach a child how to invest in stocks or mutual funds. You might…
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What is voluntary payment?
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Definition and Examples of Ex Gratia Payment How Ex Gratia Payment Works What Does Ex Gratia Payment Mean for You? Definition and Examples of Ex Gratia Payment The Latin term “Ex Gratia” means “out of kindness.” When you receive an ex gratia payment from your insurance company, you are receiving…
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What are voting shares?
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Voting shares are a type of stock that investors can purchase in publicly traded companies. They grant shareholders the right to express their opinions on certain company decisions, such as electing board members and taking other actions related to the company. Definition and Example of Voting Shares Voting shares are…
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What is an investment line of credit?
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Investment lines of credit explained in under 5 minutes Definition of Investment Line of Credit and Examples An investment line of credit, also known as “securities-based lending,” involves using securities as collateral for loans extended to investors. Financial institutions set standards for acceptable collateral for lines of credit. Qualified securities…
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Traits of Successful Commodity Traders
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The futures market is a market where trades are made in the present moment for the delivery of goods in the future. For this reason, the futures and options market for commodities is perhaps the most volatile market. 1. Be prepared to learn about futures and options This is perhaps…
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How much do stock traders earn in one day?
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Day trading in stocks is considered an intriguing subject, leading many to wonder about the amount of money stock traders can make in a single day. The amount of money that stock traders earn in a day can vary greatly; some may lose their entire capital, while others leverage their…
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February Budget Challenge
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Since February is a short month, it’s a great time to participate in a frugal challenge. The frugal challenge is similar to a no-spend challenge, but it’s not as intense. If better financial planning is among your New Year’s resolutions, or if you simply want to find ways to save…
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Subsidiary Company: What is it?
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What is a Subsidiary? A subsidiary is a company that is controlled and owned to a significant extent by another company. The company that controls the subsidiary is called the parent company or sometimes a holding company. How Does a Subsidiary Work? Subsidiaries are common in certain industries, especially in…
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Chicago Mercantile Exchange – CME
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The Chicago Mercantile Exchange, also known as CME Group, is the largest and most influential futures exchange in the world. The commodity futures exchange is a marketplace where participants buy and sell futures contracts and options on futures for delivery on specific dates in the future. Trading can occur either…
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How does a 0% balance transfer work?
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Introduction You cannot pay off one credit card using another credit card, but you can transfer the balance to another credit card using a balance transfer. Some credit card companies offer special promotional interest rates on balance transfers to attract new customers. Benefits of 0% Balance Transfers You can maximize…
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How Savings Accounts Can Teach Your Children About Money
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The Importance of Savings Accounts for Children Savings accounts are a useful tool for teaching children about money. Children can use a savings account to understand the importance of setting financial goals and how to work towards achieving them by setting money aside regularly. But how do you know when…
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Comparison between Dollar-Cost Averaging Investment and Large Lump Sum Investment: Which is Better?
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Investors with a large sum of money have two options: either invest it all at once, which is also known as lump-sum investing, or invest equal amounts of money on a regular and scheduled basis, which is known as dollar-cost averaging. What is the difference between dollar-cost averaging and lump-sum…
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Where to find a rental car at reasonable prices
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Need a rental car at reasonable prices? Here’s where to look What is a reasonable rental rate? Rental car prices can vary from city to city, so the only real way to determine a sustainable rate is your own budget. However, to help you understand rental car prices and put…
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What happens to a car loan when someone dies?
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Understanding the Estate When someone dies, all their debts and assets together form their estate. It is the total cash value of everything they owned at the time of death, including checking and savings accounts, investment accounts, as well as any real estate or businesses they owned outright. This estate…
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When to Sell Options on Futures and Commodities
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Benefits of Selling Options One of the key benefits is that time is on your side. Options have a limited lifespan and lose value over time. When you sell options, time decay allows you to make money even if the underlying market remains flat. You can also profit if the…
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Guide to Changing Your Benefits When Switching Jobs
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Health Insurance There is usually a waiting period at a new job before you are eligible for health insurance. You still need health insurance coverage during that period. You can choose between using COBRA insurance or a short-term health insurance policy. A short-term insurance policy will cost less but is…
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Alternatives to Microsoft Money for Personal Finance Management
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Although the full Microsoft Money personal finance software was discontinued in 2009 and replaced with a free download called Money Plus Sunset Deluxe, this alternative software works for basic money management tasks, but it does not include technical support or any features that require an internet connection. Option 1: Desktop…
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Title: Innovative Strategies to Enhance Sustainable Development through Social Innovation and Information Technology
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**Article Introduction: Social Innovation: Learning from Successful Experiences to Enhance Sustainable Development** In a world facing increasing challenges on social, economic, and environmental fronts, the concept of social innovation emerges as a crucial element reshaping the perspective on sustainable development. Social innovation involves adopting new ideas and applying unique methods…
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What is a letter of credit?
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A letter of credit is a written agreement between the seller, the buyer, and the banks regarding the terms and conditions of payment for goods or services. The letter of credit helps reduce risks for both the buyer and the seller and is common in international trade. Definition and Example…
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Property Managers: What Do They Do?
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Property managers are appointed to handle operations, maintenance, and management of property rentals on behalf of the owner. Their tasks include, among many others, marketing properties and finding tenants, ensuring rental prices are competitive while covering taxes and operating expenses, collecting rent, and complying with rental laws. What is a…