What is Exchange Control
Exchange Control is a system that controls the flow of currency in and out of a country. It is usually put in place by the government in order to stabilize the currency, prevent inflation, and protect...
What is the least squares criterion
The least squares criterion is a statistical technique used to find the best fit for a set of data points. The technique minimizes the sum of the squared errors between the data points and...
Short-term health insurance is a type of insurance that is designed to cover people for a short period of time. This type of health insurance is typically less expensive than traditional health insurance policies, and it can be a...
The term credit score is often heard when it comes to finances. Even buying something as simple as a plan for your cellphone can involve your credit score. Knowing what this seemingly vague report is and how it can...
How to Protect Yourself From an Eavesdropping Attack
An eavesdropping attack works by using a transmission link, such as radio frequency transmission or a wire, such as an active or unused telephone line or electrical wire or conduit. Some transmitters...
What is flotation cost and why is it important to investors
Flotation cost is the costs incurred by a company when it sells new securities. The costs include underwriting fees, legal fees, and accounting fees. The flotation cost is important...
What is Negative Assurance
Negative assurance is a type of assurance that is typically given by auditors in order to mitigate their own risk. In essence, negative assurance states that nothing has been found to be incorrect or misleading during...
What Is a Wrap Account?
A wrap account is a kind of investment account in which an investor can consolidate all his or her financial plans and investments into one single account. Wrap accounts are offered by many financial institutions...
What is a demand draft and how does it work
A demand draft is a type of check that is typically used for business transactions. Unlike a personal check, which can be written for any amount, a demand draft is...
What is a revenue bond
A revenue bond is a type of bond that is backed by the revenue from a specific project or source. This means that if the revenue stream dries up, the bondholders will not be repaid....