What is 'Generation-Skipping Transfer Tax - GSTT' A tax incurred when there is a transfer of property by gift or inheritance to a beneficiary who is more than 37.5 years younger than the donor. Generation-skipping transfer taxes...
DefinitionThe Garn–St Germain Depository Institutions Act of 1982 is an Act of Congress that deregulated savings and loan associations and allowed banks to provide adjustable-rate mortgage loans. It is disputed whether the act was a mitigating or contributing factor...
What is a 'Sample' A sample is a subset containing the characteristics of a larger population. Samples are used in statistical testing when population sizes are too large for the test to include all possible members or...
What is a recession and how does it affect the average person
A recession is a period of economic decline in which trade and investment fall, typically lasting for six months or more. recessions are often characterized by high unemployment,...
What is 'Above Par' A term used to describe the price of a security when it is trading above its face value. A security usually trades at above par when its income distributions are higher than those...
Financial Correlation basically measures the relationship between the changes occurring in two or more variables at the same time. Correlation plays a major role in finance. According to the CAPM or Capital Asset Pricing Model, an increase in diversification...
DefinitionPar value, in finance and accounting, means stated value or face value. From this come the expressions at par, over par and under par. Par Value What is 'Par Value' The face value of a bond. Par...
When determining how much goodwill a company possesses, there are several factors that must be considered. These factors include the measurement of goodwill, the test to determine whether goodwill has been impaired, and the accounting treatment of the value...
What is 'Impairment' Impairment is an accounting principle that describes a permanent reduction in the value of a company's asset, normally a fixed asset. When testing for impairment, the total profit, cash flow or other benefit that's...
What is a 'Realized Gain'
A realized gain is the consequence of selling an asset at a price that is greater than the price at which it was originally purchased. It happens when an asset is sold for a price...