How Does an Airline Credit Card Work? Whether you’re required to fly often for work or you love to travel for leisure, you may want to pick up an airline credit card to be rewarded for your flights. Airline cards are typically co-branded, or marketed under two brands: one being a card issuer or network, and the other a specific airline. You can use the card at any business in the card’s network, and when you make purchases, you’ll earn miles with the airline’s frequent-flyer program that you can use to book award flights with that airline and any other partnering airlines or make other qualifying travel purchases....

The idea of an entrepreneur continues to evolve and expand, from the founder of a startup to a small business owner to the leader of a corporate organization. As entrepreneurship becomes more critical to the human work experience, it’s essential to understand how and why it works. Definition and Examples of an Entrepreneur An entrepreneur is a person who pursues an opportunity, often commercially driven, to bring a new product or service to market with limited resources and high risk....

Alternate name: Travel and entertainment report, T&E report Imagine an employee traveling for a business conference. They would use some means of transport, eat something on the way to/at the conference, entertain clients at a restaurant or a co-working space, and incur many such expenses to complete the assigned task. All of these may be included in an expense report. Depending on the company policies, the employer fully or partially reimburses these expenses based on a predetermined arrangement (contract)....

All these factors must be addressed so a resolution can be presented to the court. In the case of an uncontested divorce, you’re not asking a judge to do anything but terminate your marriage because you’ve already reached a consensus on all issues. Your agreement must be committed to a written, signed, and notarized document. You must determine which of you is going to file the divorce petition and the grounds upon which you’re going to ask the court to end your marriage....

Learn about underlying assets, how they work, and what they can do for you as an investor. Definition and Examples of an Underlying Asset Underlying assets are the assets that influence the value of a derivative security. In other words, derivatives “derive” their value from their underlying asset. Alternate name: Underlier, underlying, underlying interest, underlying security In the case of stock options, the underlying asset is the stock itself. Let’s say you purchase a call option at the $100 strike price for Company XYZ....

Section 1231 property is typically business or trade real estate, so unrecaptured Section 1250 gains usually only come into play for non-business owners if they have rental property. Let’s say you purchased a rental property for $200,000 in 2020. You’re entitled to depreciate it over five years. That works out to $40,000 per year: $200,000 divided by five. You claim $80,000 in depreciation in 2020 and 2021. This brings your cost basis down to $120,000 ($200,000 minus $80,000) in claimed depreciation....

Alternate name: Credit card Examples of unsecured credit cards include a Visa or Mastercard that you sign up for at your bank when you open an account. You’re given a credit limit and specific terms, such as payment periods and interest rates. How Unsecured Credit Cards Work Most banks, credit unions, and other financial services providers offer unsecured credit cards. You must apply with your personal information and consent to a credit check to get one....

Providers such as PayPal, Affirm, AfterPay, and Klarna set their terms and application requirements for BNPL plans. You’ll often encounter minimum or maximum purchase amount requirements. If your purchase qualifies, the application process is often integrated into the merchant’s checkout process. However, the provider may offer other options, such as a virtual card for non-participating merchants. You’ll typically need to be age 18 or older, provide a valid payment source, verify your identity, and give your mobile number to qualify....

sturti / Getty Images Commercial banks can help small businesses through a corporate-banking arm as well as large enterprises through an investment-banking arm. They might also work with individual consumers, serving additionally as retail banks. Since these banks are typically stock corporations, their aim is to make a profit for their shareholders. The way they typically do this is through what is known as “financial intermediation,” whereby savers who are willing to hold their deposits with the bank are matched with borrowers who need loans....

Opportunity cost measures a trade-off. A nation with a comparative advantage makes the trade-off worthwhile. This means the benefits of buying its good or service outweigh the disadvantages. The country may not be the best at producing something, but the good or service has a low opportunity cost for other countries to import. This economic theory was developed by David Ricardo. It was originally applied to international trade, but it can be applied to any level of business....

What Is Contractual Liability Insurance? Contractual liability insurance covers third-party bodily injury or property damage for which your business has assumed liability under an indemnity agreement (also called a hold harmless agreement) in a contract. This coverage is important because many businesses sign contracts in which they assume liability on behalf of someone else for third-party bodily injury or property damage claims. Contractual liability insurance is included in the standard insurance services office (ISO) general liability policy via an exception to the contractual liability exclusion found under Coverage A, Bodily Injury, and Property Damage Liability....

When you’re looking for financial aid for college, the process generally starts by learning an aid program’s requirements and submitting an application. The source of the aid will then review your application to determine if you qualify. If you do, they will calculate the amount you qualify for and the terms and conditions attached to it. The qualifications for financial aid are typically based on merit or need. To qualify for merit-based aid, a student’s achievements, academic or extracurricular, are taken into account....

If a person is in a situation where they want to assign financial power of attorney to someone they trust, they will need to find the power of attorney form that’s required by their state. The form will typically ask who the principal is, who the agent is, and what powers are given. It may also ask how long the power of attorney will last. Also, you can designate a successor agent just in case the original agent dies....

Fiscal drag affects you as an earner and consumer. It’s important to understand what it is, how it works, and what a government can do to keep it under control. Definition and Examples of Fiscal Drag The term “fiscal drag” refers to an economic situation where rising inflation decreases the purchasing power of a currency while earnings are growing simultaneously. Alternate definition: The difference between actual GDP and potential GDP....

The company was launched in 1995 as a joint venture between the Financial Times and the London Stock Exchange. In 2013, FTSE and TMX group created a joint venture (FTSE TMX) to develop indexes for the North American fixed-income market. The group acquired MTS in 2014 to create European government indexes and combined with Russell that same year to form FTSE Russell. Between 2016 and 2019, FTSE Russell acquired Mergent, The Yield Book, Citi Fixed Income Indices, FTSE TMX Global Debt Capital Markets Limited, and Beyond Ratings—an environmental, social, and governance data provider....

What Is Included in a Reference Check? A reference check can include several steps. The employer could simply verify dates of employment and job titles and dates of attendance at college and the degree attained. An in-depth reference check will involve talking to references to gain insight into an applicant’s skills, qualifications, and abilities to do the job. In the case of an in-depth check, your references can expect questions similar to those asked of job applicants during an interview....

Many things can affect how people feel toward a market or security. Those things can be as minor as a rumor or trending news headline, or as major as an earnings release, economic update, or foreign relations with another country that affect people’s attitudes toward a market. Market sentiment becomes increasingly important to learn about with the rise of investing fueled by social media trends or meme stocks. Let’s consider the S&P 500 index, a common index used to measure the overall performance of the U....

Credit and settlement risk are related types of counterparty risk. Credit risk is the risk that the counterparty will default on the transaction, and settlement risk is the threat that the counterparty may default after payment has been made to them. Netting reduces these risks because neither party makes a payment until the net amount is calculated. See close-out netting below for more on this risk reduction. For example, if Party A owes Party B $100,000 and Party B owes Party A $80,000, the two parties can net the two obligations to one $20,000 ($100,000 - $80,000) payment....

Overhead is directly related to the operating leverage of the business. This refers to how low the activity level can go before the business is in the red, and how high the activity level needs to go before the business can break even and start to produce a profit. It also determines how much economies of scale would help the business. Because overhead plays a pivotal role in your business’s finances, it’s important to learn what it exactly is, what constitutes an overhead cost, how to calculate it, and the key types involved....

There are many different strategies available for traders to use. Here is a detailed description of this type of trading, along with some excellent beginner strategies to get you started. What Is Price Action Trading? Some traders make decisions based on the price movements of an asset. This is the premise of price action trading—following the movement of prices and trading based on the actions they think are most profitable....