What is 'Generation-Skipping Transfer Tax - GSTT' A tax incurred when there is a transfer of property by gift or inheritance to...
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...
What is a 'Sample' A sample is a subset containing the characteristics of a larger population. Samples are used in statistical testing...
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...
What is 'Above Par' A term used to describe the price of a security when it is trading above its face value....
Financial Correlation basically measures the relationship between the changes occurring in two or more variables at the same time. Correlation plays a major role...
DefinitionPar value, in finance and accounting, means stated value or face value. From this come the expressions at par, over par and under 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...
What is 'Impairment' Impairment is an accounting principle that describes a permanent reduction in the value of a company's asset, normally a...
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...