Month: December 2020

The Group of Ten (G10) is one of five group of groups, not to be confused with the Groups of 7, 8, 20, or 24. Each of these consists of a group with similar economic interests. The G10 consists of eleven industrialized nations that meet on an annual basis or more frequently, as necessary, to consult each other, debate and cooperate on international financial matters. The member countries are Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, the United Kingdom, and the United States, with Switzerland playing a minor role. read more

The right of rescission is a right, set forth by the Truth in Lending Act (TILA) under U.S. federal law, of a borrower to cancel a home equity loan or line of credit with a new lender, or to cancel a refinance transaction done with another lender other than the current mortgagee, within three days of closing. The right is provided on a no-questions-asked basis, and the lender must give up its claim to the property and refund all fees within 20 days of exercising the right of rescission.

A stock ETF, or exchange-traded fund, is an asset that tracks a particular set of equities, similar to an index. It trades just as a normal stock would on an exchange, but unlike a mutual fund, prices adjust throughout the day rather than at market close. These ETFs can track stocks in a single industry, such as energy, or an entire index of equities like the S&P 500. Other tracking methods include the Stochastic Oscillator and the Stochastic Momentum Index.

A W-2 form, also known as the Wage and Tax Statement, is the document an employer is required to send to each employee and to the Internal Revenue Service (IRS) at the end of the year. A W-2 reports the employee’s annual wages and the amount of taxes withheld from their paychecks. A W-2 employee is someone whose employer deducts taxes from their paychecks and submits this information to the government.1

A stock ETF, or exchange-traded fund, is an asset that tracks a particular set of equities, similar to an index. It trades just as a normal stock would on an exchange, but unlike a mutual fund, prices adjust throughout the day rather than at market close. These ETFs can track stocks in a single industry, such as energy, or an entire index of equities like the S&P 500. Other tracking methods include the Stochastic Oscillator and the Stochastic Momentum Index.

A W-2 form, also known as the Wage and Tax Statement, is the document an employer is required to send to each employee and to the Internal Revenue Service (IRS) at the end of the year. A W-2 reports the employee’s annual wages and the amount of taxes withheld from their paychecks. A W-2 employee is someone whose employer deducts taxes from their paychecks and submits this information to the government.1

United States Aircraft Insurance Group (USAIG) is the nation’s first aviation insurance company, founded in 1928 by World War I flying ace Reed McKinley Chambers and pilot David C. Beebe. The United States Aircraft Insurance Group was founded when Chambers realized a need for aviation insurance after the airline company that he had formed, Florida Airways, faced bankruptcy when four airplanes were lost to storms and one accident in 1926. Florida Airways had earned the first private air mail contract awarded by the United States government. read more

The weekend effect is a phenomenon in financial markets in which stock returns on Mondays are often significantly lower than those of the immediately preceding Friday.

The Agg, formerly known as the Bloomberg Barclays Aggregate Bond Index, is an index used by bond traders, mutual funds, and ETFs as a benchmark to measure their relative performance.

The theoretical value (of a right) is the value of a subscription right. During the period of time when a new rights offering is announced up until three days before the subscription rights expire (known as the cum rights period), the value of the right is specific and can easily be calculated. To calculate the value of a right during the window in which it is effective, and investor must be told the subscription price and the number of rights required to buy one share of stock. With that information the value of the right can be calculated using the following formula: read more