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LELIQ or Letras de Liquidez is a monetary policy instrument issued by the Central Bank of the Republic of Argentina (BCRA) to control liquidity in the banking system and manage the inflation rate in the country. This instrument is a short-term debt security issued by BCRA, which is traded on the secondary market and can be used by commercial banks…
Definition and Introduction of ULIP Unit Linked Insurance Plan (ULIP) is a revolutionary insurance product that combines life insurance with investments. This product offers double benefits for policy holders, namely financial protection for the family…
The Accelerated Cost Recovery System (ACRS) is a depreciation mechanism introduced in the United States tax code through the Economic Recovery Tax Act of 1981. This system is designed to speed up the process of…
The meaning of the Corporate Transparency Act (CTA) is a law aimed at increasing the transparency of company information in the United States. This law aims to prevent money laundering, terrorism financing and other financial…
Definition and Basic Concepts of The Cost of Worry The Cost of Worry is a term in economics that describes the psychological, emotional and financial impacts that result from excessive anxiety when facing uncertain economic…
Understanding Certified Public Accountant A Certified Public Accountant (CPA) is a financial professional who has passed the internationally recognized CPA…
Introduction and Definition of the Bertrand Edgeworth Model Bertrand Edgeworth's model is one of the fundamental concepts in industrial economics…
The definition of the Law of One Price (LOOP) is an important principle in international economics which includes aspects of…
The introduction of pledged assets and trading is an important topic in the world of finance and investment. Pledged assets,…
Frexit is a combination of two words, "France" (France) and "exit" which refers to the idea of France leaving the European Union. This term was born from global political and economic trends developing in several other European countries, such as Brexit in the UK. Frexit was first introduced in public…
Credit Spread is a term used in the financial world to describe the difference in interest rates between two different instruments with different levels of risk. In general, Credit Spread refers to the difference between the interest rate or yield offered by two bonds or securities with different credit ratings.…
Dovish and Hawkish are two terms that are often used in the world of monetary policy by central banks. Both are different approaches in carrying out monetary policy, where there are different goals and focuses in managing the economy. Dovish is more related to policies that are accommodative and expansive,…
Wage garnishment is a legal action that can be applied by creditors against debtors who fail to pay debt payments on time. In financial agreements, the concept of wage garnishment refers to efforts to take part of a person's income by creditors in order to pay back debts that are…
Definition of Point Elasticity Point Elasticity is a concept in economics that measures the sensitivity of demand or supply to changes in price at a particular point on a curve. This method calculates price elasticity at a specific point in the demand or supply curve using the derivative of the…
The introduction of pledged assets and trading is an important topic in the world of finance and investment. Pledged assets, or assets that are guaranteed, are assets that are used as collateral in a financial transaction. In this context, the owner of the asset allows another party to use the…
Definition of Forced Savings Forced Savings is a form of saving carried out by a third party, such as a company or government, for the benefit of its employees or the community. The main goal of forced savings is to help individuals accumulate funds consistently without having to think about…
Definition and History of Chaebol Chaebol is a multinational business conglomerate that developed in South Korea. The term comes from the Korean words 'chae', which means rich, and 'bol', which means clan. They emerged as a result of the economic policies implemented by the South Korean government over the past…
Introduction and Definition of the Bertrand Edgeworth Model Bertrand Edgeworth's model is one of the…
Horizontal integration is a business strategy used by companies to expand the market and dominate…
The introduction of pledged assets and trading is an important topic in the world of…
Greenback is a term originating in the United States to designate dollar bills that began…
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