Finance Reference

What is the Federal Financial Institutions Examination Council and what do they do The Federal Financial Institutions Examination Council (FFIEC) is a U.S. government organization...

What is 'Wasting Asset' An item that irreversibly declines in value, as a function of time. Wasting assets include vehicles, machinery and...

Socialism is a political and economic system that is based on collective or public ownership of the production means. Unlike capitalism, socialism lays emphasis...

The digital age has ushered in various new forms of investments, with cryptocurrency at the forefront. While this new asset class offers unique opportunities...

Do you feel like your debts are out of control? Few things are more stressful than trying to balance bills, credit cards, outstanding loans,...

Personal finance is a vital aspect of our lives, yet many people need help figuring out where to begin. Whether you're just starting your...

DefinitionIn statistics, observable variable or observable quantity, as opposed to latent variable, is a variable that can be observed and directly measured. Manifest Variable...

Definition Rate-of-return regulation is a mechanism for determining the prices charged by monopolies that are subject to government control. Essentially, monopolies will be required to...

What is the 'W-2 Form' The W-2 form is the form that an employer must send to an employee and the Internal Revenue Service (IRS)...