What is 'National Association of Mortgage Brokers - NAMB'
An organization that protects the interests of mortgage brokers in the United States and encourages its...
What is a tax deduction and how does it work
A tax deduction is an expense that can be subtracted from your taxable income. This...
What is 'Magna Cum Laude' Magna cum laude is an academic level of distinction used by educational institutions to signify an academic...
What is the 'Back-End Ratio'
An indicator of how much of a person's monthly income is dedicated to debt repayment is the back-end ratio, also...
Diversification is a technique that deals with risk management by mixing a wide range of investments in a single portfolio in hope that the...
What is 'National Association Of State Boards Of Accountancy - NASBA' A U.S. nonprofit group founded in 1908 that seeks to enhance...
What is 'Large Value Transfer System - LVTS' An electronic wire payment system in Canada, facilitating the transfer of funds between large...
Definition
Reaganomics is the term used to describe the economic policies advocated by former United States President Ronald Reagan throughout the 1980s. These policies are...
What is a 'Passive Foreign Investment Company - PFIC' A passive foreign investment company (PFIC) is a foreign-based corporation that exhibits either...
What is 'Wealth' Wealth measures the value of all the assets of worth owned by a person, community, company or country. Wealth...