What is Form 8283 and what is it used for
Form 8283 is a document that taxpayers must file with the IRS when claiming a charitable deduction for a non-cash donation. The form must be filed for any donation worth...
What is an Aleatory Contract
An aleatory contract is a type of agreement in which one or more of the parties agrees to perform an uncertain act, usually in exchange for money. The name "aleatory" comes from the Latin word...
What is the Lorenz Curve
The Lorenz curve is a graphical representation of the distribution of wealth or income. It was developed by American economist Henry George Lorenz in 1905. The curve is constructed by plotting cumulative percentages of population...
What is unearned revenue
Unearned revenue is income that a company has received but has not yet earned. This can occur when a customer pays for a service in advance, such as when you buy a plane ticket six months...
Insufficient Funds Definition
When a check is written, the account holder is drawing on funds they have deposited in the bank to cover the amount of the check. If there are not enough deposited funds to cover the check, then...
What is Marginal Analysis
Marginal analysis is a tool used by businesses to evaluate the financial cost and benefit of a proposed action. It essentially involves weighing the pros and cons of taking a certain course of action in order...
What is disequilibrium and how does it affect the economy
In economics, disequilibrium is a situation in which the market is not in equilibrium, meaning that there is an imbalance between supply and demand. This can lead to higher prices,...
What is operating leverage and how does it work
Operating leverage is a measure of how much revenue a company generates per dollar of operating expenses. The higher the ratio, the more revenue the company generates per dollar of expenses....
What is heteroskedasticity
Heteroskedasticity is a statistical concept that refers to a situation where the variance of a variable is not constant across all values of the variable. In other words, the variability of the variable changes as the value...
What is disintermediation and how does it benefit consumers and businesses alike
Disintermediation is the direct relationship between a producer and a consumer. It is the removal of the middleman in any transaction. There are many benefits for both consumers...