Investors are interested in the 52-week high/low numbers for a variety of reasons, including as an indicator of how volatile the stock has been over the past year and whether the stock is trending in one direction or the other. The 52-week high/low—sometimes referred to simply as “52-week range”—is another common statistic provided in stock quotes. These two numbers are the highest closing price and lowest closing price of the stock in the past 52 weeks....
This loan type came about during the Obama era and was called the HARP loan, Stephen Harless, a senior mortgage loan officer with First Federal Community Bank, told The Balance in an email. In 2009, the Home Affordable Refinance Plan (HARP) was established by the U.S. government to aid homeowners who couldn’t refinance their homes because the properties had declined in value. The program ended after nearly a decade in 2018....
If you wish to leave a legacy for both your family and a charity of your choice, and receive an immediate tax deduction, a charitable remainder annuity trust may be a good option. To help you decide if it’s right for you, here’s some more information about this type of charitable gift. Definition and Example of a Charitable Remainder Annuity Trust A charitable remainder annuity trust (CRAT) is an option for estate planning....
Learn more about how different kinds of deceased accounts work and how you close one. Definition and Examples of a Deceased Account A deceased account is a financial account (usually a checking or savings account) owned by someone who’s no longer alive. When a bank finds out that a customer has died, it will typically freeze that person’s account (turning it into a “deceased” account) until it receives further instructions from the court or until a beneficiary comes forward....
Financial instruments can be as simple as an invoice or check, or extremely complex transactions like the derivatives called “credit default swaps” that triggered the collapse of insurance company AIG in 2008. What Is a Financial Instrument? A financial instrument creates a financial asset for one party, and a liability for the other party. A financial asset is a right to future cash flow, or a contractual right to purchase or sell an asset in the future....
Leases are legally binding and usually contain five minimum components: The names of each party A description of the property you’re leasing The amount of rent due The length of the agreement Signatures from each party How Leases Work Let’s say you’re going to be living on your own for the first time, perhaps after attending university. You’ve saved up enough money for the security deposit, you’ve bought a brand-new bed, and now you’ve finally found an apartment that suits you....
Loans can last for any length of time that’s agreed upon by the lender and the borrower. Alternate definition: Loan terms can also be factors like the interest rate and other requirements that the loan contract provides forAlternate name: Terms and conditions How a Loan Term Works Your lender typically sets a required monthly payment when you take out a loan, such as a 60-month auto loan. That payment is calculated so that you pay off the loan gradually over the loan’s term....
You can think of a microbusiness as a subset of a small business, though it operates and has very different challenges than a small business does. A microbusiness owner needs to create operations, capital needs, and scaling measures that are specific to a microbusiness entity. A microbusiness is often run by a sole proprietor, meaning the owner must spread themselves across various roles or departments to keep the business functioning....
The value of your home would have increased by $200,000 if you bought it for $300,000 and sold it years later for $500,000. The lender might take 30% to 50% of that increase, or $60,000 to $100,000. You would keep the rest if you agreed to a shared appreciation mortgage. Acronym: SAM loan How a SAM Works Lenders may offer shared appreciation deals as a means of loan modifications for people who might be struggling to stay current on their home loans....
Definition and Example of Affluenza Affluenza is a portmanteau combining the words “affluence” and “influenza.” It’s used to describe the unhealthy effects of wealth on both individuals and society, as well as a condition in which people are focused on financial success above all else. For example, signs of affluenza include a preoccupation with work and earning more money, as well as extreme materialism and consumerism. Individuals struggling with affluenza might experience feelings of guilt, lack of motivation, and chronic dissatisfaction with their current situation....
Learn what it’s like to use one of these loans, the pros and cons of installment debt, and which alternatives might be a better fit for your needs. What Are Installment Loans? Installment loans are loans that you repay with a series of monthly payments. They typically have a fixed interest rate, and each monthly payment is the same. Fixed-rate home and auto loans are the most common types of installment loans, but personal loans, student loans, and other types of loans are also forms of installment debt....
Definition and Example of Bank-Owned Life Insurance (BOLI) Bank-owned life insurance (BOLI) is a type of permanent life insurance policy banks buy for high-salaried employees or board members. The bank pays for the coverage and is the beneficiary after the insured person’s death. BOLI is a tax-efficient tool often used to offset the cost of an employee benefit program, making it easier for banks to compete with other employers. For a bank to take out a BOLI policy on an employee, it must have that individual’s consent....
Once your policy converts, the premiums will jump because you’ll be paying for permanent life insurance, which can cost six to 10 times more than term life insurance. That’s because permanent insurance builds cash value and covers you for life, while term life insurance only covers you for a specified number of years. The conversion is usually allowed during a certain eligibility period, such as 10 years or before age 70....
Many companies strive to make their corporate governance policies as visible as possible to reinforce their commitment to the issues mentioned above. For example, Nike, like many large corporations today, has a page on its website devoted to explaining its corporate governance policies. It lists its board members, explains how they are appointed and compensated, and provides details of Nike’s corporate governance guidelines. It also includes a letter explaining the company’s code of conduct from Nike president and chief executive officer (CEO) John Donahoe....
Learn why countertrade is used, one famous example, and about the advantages and disadvantages of countertrade. Definition and Examples of Countertrade When an international sale takes place, it may be difficult to structure the sale through conventional means of payment. With countertrade, goods or services are exchanged rather than currency. This is often known as bartering. One famous example of a barter deal—that went awry—was when Pepsico Inc. signed in 1990 with the Soviet Union to double its soft drink sales there, open two dozen new bottling plants, and launch its Pizza Hut restaurants in the country’s largest cities....
Definition and Example of Credit Control Credit control is a standard businesses use to determine how much credit to offer their customers. While getting paid upfront is the easiest and safest way for most companies, it can also limit the total profits. Extending credit can make it easier for potential customers to purchase your products and services. By breaking up the payments into monthly installments or letting customers pay later, it can make the purchase more manageable....
These payments were formerly reported on Form 1099-MISC through 2019, but they must now be reported on Form 1099-NEC (sample below). Who Uses Form 1099-NEC? You must file a Form 1099-NEC form for non-employee compensation if all four of these conditions are met: Payment was made to someone who is not your employeePayment was made for services in the course of your trade or businessPayment was made to an individual, partnership, estate, or corporationPayment made to the payee was at least $600 or more for the year...
Great Lakes is one of the most commonly assigned student loan servicers. As of the last quarterly report, Great Lakes was allocated 18% of new student loan volume, the largest portion of student loans. Great Lakes Student Loans is an affiliate of Nelnet Diversified Solutions, LLC. Nelnet separately handles 12% of federal student loan accounts. Alternate name: Great Lakes Educational Loan Services, Inc. Suppose a college graduate is about to begin making student loan payments....
Imperialists often exploit the conquered country’s resources for their own economic gain. The word “imperialism” comes from the Latin term “imperium,” which means “to command.” Imperialism is often associated with colonialism, which is similar in terms of control, but with the additional strategy of the imperial power sending settlers to live in a colony. Imperialists view economics as a “zero-sum” game in which there’s a finite amount of riches in the world....
For example, one popular indicator is the simple moving average, which is used to indicate the direction of a trend and ignore the price spikes that can occur in the short term. The moving average displays the average price taken over a specific period, which is why it “moves”—the interval doesn’t change; prices are measured during a moving period, and their average is displayed on the chart. How Indicator-Based Trading Works The indicator shows a visual representation of the mathematical formula and price inputs....
