What Is a Negative Covenant?
A negative covenant is a term you may have heard a lot. These agreements are often used in non-compete and non-solicitation agreements, among others. They are legally binding and may have a number of different...
What are net receivables and why are they important
Net receivables are a company's outstanding accounts receivable minus any provisions for doubtful debts. In other words, they are the portion of a company's receivables that is expected to be collected....
Getting a standby letter of credit
Getting a standby letter of credit (SLOC) is a popular option for international trade. This type of credit assures the recipient that the person or company is a trustworthy business partner. The process is...
What is a Renko Chart
A Renko chart is a type of Japanese candlestick chart that is used to predict price movements in the financial markets. The name "Renko" comes from the Japanese word for bricks, which is what the...
Starting your own eCommerce store can seem like a daunting task. But with the right guidance and advice, it can be a very achievable goal. In this article, we will provide you with some useful tips on how to...
Dragonfly Doji Candlestick
A dragonfly doji candlestick is a very useful chart pattern because it opens and closes at the same price. A bullish or bearish move could follow a dragonfly doji candlestick. There are several factors that can be...
What is a nonforfeiture clause and why do you need one in your life insurance policy
A nonforfeiture clause is a type of provision found in many insurance policies. It states that if the policyholder stops making premium payments, they...
What is an unsponsored ADR
An unsponsored American depositary receipt (ADR) is a financial instrument that trades in the U.S. markets and represents a foreign company's publicly traded equity. Unsponsored ADRs are not issued by the foreign company, nor are...
What Is the Uniform Simultaneous Death Act?
In some states in the United States, there is a law known as the Uniform Simultaneous Death Act, which is designed to alleviate the problem of simultaneous deaths. While this act has been...
What is covered interest rate parity
Covered interest rate parity is an important concept in international finance. It states that the forward exchange rate between two currencies will equal the spot exchange rate plus the interest rate differential. In other...