Three Reasons to Use a Ballpark Figure
A ballpark figure refers to a general, informal estimate. It's an adaptation of the earlier phrase "in the ballpark."
Estimate of ballpark figure
An estimate of a ballpark figure is a good way to get...
The Concept of the Certainty Equivalent
The concept of the certainty equivalent is closely related to the concept of risk premium, which is the additional return an investor must receive for taking a risky investment. In other words, the higher...
What is decreasing term insurance and how does it work
When most people think of life insurance, they think of whole life or term life insurance. However, there is another type of policy known as decreasing term insurance. As the...
Celebrating a successful business sale motivates your staff and lets them know how important they are to the business's success. However, there are countless ways to commemorate this business milestone, some practical and others not so much.
Below are some...
Small businesses are the backbone of the American economy, but they often have trouble accessing the capital they need to grow and thrive. Working capital is the money you have available to invest in your business, pay your employees,...
UPREIT - Upfront Investment in Real Estate
UPREIT stands for "up-front investment in real estate" and gives an investor a stake in a real estate portfolio, instead of just a single property. An UPREIT is an excellent way to diversify...
What is a personal service corporation?
A personal service corporation is a type of corporation that provides services to individuals. Its services can vary, but in general they cover a wide range of fields. These services are specifically outlined by...
What is facultative reinsurance and what are its benefits
Facultative reinsurance is a type of insurance coverage that is purchased by an insurer on a case-by-case basis. This allows the insurer to tailor the coverage to fit the specific risks...
Important Things You Should Know About Autoregressive Models
Autoregressive models are models that use random processes to describe time-varying phenomena. In the context of economics and nature, they are often used to explain financial markets and the price movements that...
What is Audit Risk
Audit risk is the risk that an auditor will express an inappropriate opinion on a company's financial statements. Audit risk is comprised of two components: inherent risk and control risk. Inherent risk is the susceptibility of...