What is comprehensive income and why is it important
Comprehensive income is a measure of a company's financial performance that includes not just its net income, but also other forms of income such as unrealized gains and losses. While net...
What is a common size income statement
An income statement is one of the financial statements that businesses use to assess their financial health. It shows a company's revenues, expenses, and profits over a specific period of time. The common...
What is the spillover effect and how does it work
The spillover effect is a term used in economics to describe the positive or negative impacts that can occur when one business or industry experiences growth or decline. For example,...
What is a Writ of Attachment
A writ of attachment is a court order that requires a person or company to hand over assets to another party. This usually happens when one party owes money to the other and has...
What is an irrevocable beneficiary
An irrevocable beneficiary is someone who has been designated to receive specific property, benefits, or funds after another person's death. The designation is typically made in a will or trust agreement. Once the designation is...
What is Open Kimono
The phrase "open kimono" is often used in business settings to describe a situation in which one company shares information with another. The phrase is thought to have originated in Japan, where businesspeople traditionally wore kimonos,...
What is a Modified Gross Lease
A modified gross lease is a type of lease in which the tenant is responsible for a portion of the expenses related to the property, such as utilities or insurance. The expenses are typically...
What is posterior probability and how is it different from other types of probability
Posterior probability is a type of probability that takes into account both the prior probability of an event and the evidence that has been collected about...
What are switching costs and why are they important
Switching costs are the costs associated with switching from one product or service to another. They can be financial, time-consuming, or emotional. For example, if you switch from one cell phone...
What is time horizon and why is it important to investors
The time horizon is the length of time an investment is held. It is important to investors because it affects the amount of risk they are willing to take....