What is a phantom stock plan
A phantom stock plan is a type of employee incentive arrangement in which employees are given the opportunity to earn rewards that are linked to the performance of the company, but without actually owning...
What are administrative expenses
Administrative expenses are the costs incurred in running a business, such as rent, utilities, insurance, and office supplies. These expenses are necessary for the operation of the business, but they do not directly generate revenue. As...
What is a corporate charter
A corporate charter is a legal document that outlines the powers and purpose of a corporation. The charter is filed with the state in which the corporation is registered, and it may be amended from...
What is Trade Liberalization?
Trade liberalization is the process of removing barriers to trade, such as tariffs, export quotas, and other restrictions that restrict international trade. The goal of trade liberalization is to promote economic efficiency and expand economic opportunity....
What is an equity swap and how does it work
An equity swap is a type of derivative contract that involves exchanging cashflows based on the performance of a underlying stock or index. The two parties involved in an equity...
A liquidation value is a likely price for an asset when it does not have enough time to sell on the open market. This price will reduce the exposure of the asset to potential buyers, and is often lower...
What is intangible personal property
Intangible personal property is a type of property that lacks a physical form. Instead, it is represented by a legal document or contract. Common examples of intangible personal property include stocks, bonds, and copyrights. Unlike...
If you’re thinking of starting your own company in today’s competitive landscape, it’s important to remember that knowledge is power. The homework you do before jumping into your new venture could help you manage company finances successfully and save...
Heterodox economics is a school of thought that extends beyond the conventional neoclassical paradigm. These schools include Marxian, socialist, ecological, and feminist economics, among others. Here, we will examine some of the concepts and theories within heterodox economics. If...
What is the Permanent Income Hypothesis
The Permanent Income Hypothesis was first proposed by economist Milton Friedman in 1957. The theory states that individuals will make decisions based on their expected long-term income, rather than their current income. This means...