Founded at the height of the Great Depression, in 1930, the Veterans Administration was formerly an independent government agency. It is today called Veteran’s Affairs and became U.S. Cabinet level in 1989 with the title Department of Veterans Affairs. Commonly referred to as the VA, the organization provides patient care, benefits, and essential services to veterans of the U.S. armed forces and their families.
Backflush costing is a product costing system generally used in a just-in-time (JIT) inventory environment. In short, it is an accounting method that records the costs associated with producing a good or service only after they are produced, completed, or sold.
A wellbore is a hole that is drilled to aid in the exploration and recovery of natural resources, including oil, gas, or water. A wellbore is the actual hole that forms the well. A wellbore can be encased by materials such as steel and cement, or it may be uncased. The motivation for drilling a wellbore is usually to extract oil or gas for a protracted period of time.
Negative amortization is a financial term referring to an increase in the principal balance of a loan caused by a failure to cover the interest due on that loan. For example, if the interest payment on a loan is $500, and the borrower only pays $400, then the $100 difference would be added to the loan’s principal balance.
An import is a good or service bought in one country that was produced in another. Imports and exports are the components of international trade. If the value of a country’s imports exceeds the value of its exports, the country has a negative balance of trade (BOT), also known as a trade deficit.
A Roth 401(k) is an employer-sponsored investment savings account that is funded with after-tax dollars up to the plan’s contribution limit. This type of investment account is well-suited for people who think they will be in a higher tax bracket in retirement than they are now, as withdrawals are tax free. The traditional 401(k) plan, on the other hand, is funded with pretax money, which results in a tax on future withdrawals.
NYSE Arca is an electronic securities exchange in the U.S. on which exchange-traded products (ETPs) and equities trade. The exchange specializes in ETP listings, which include exchange-traded funds (ETFs), exchange-traded notes (ETNs) and exchange-traded vehicles (ETVs). As well as placing typical orders, NYSE Arca allows investors and traders to participate in opening and closing auctions in ETFs and place mid-point orders that sit between the bid and ask price.
Rolling returns, also known as rolling period returns or rolling time periods, are annualized average returns for a period, ending with the listed year. Rolling returns are useful for examining the behavior of returns for holding periods, similar to those actually experienced by investors.
A global registered share (GRS, or Global Share) is a security that is issued in the United States but is registered in multiple markets around the world and trades in multiple currencies. With GRSs, identical shares may trade on different stock exchanges and in various currencies across country borders without needing to be converted into local currencies. All holders of GRSs, as with any other shareholder, have equal rights — such as voting, percentage of dividends, and so forth — in the issuing corporation (issuer).
Digital marketing is the use of the Internet, mobile devices, social media, search engines, and other channels to reach consumers. Some marketing experts consider digital marketing to be an entirely new endeavor that requires a new way of approaching customers and new ways of understanding how customers behave compared to traditional marketing.