Positive pay
What is positive pay and how does it work
Positive pay is a fraud prevention tool used by businesses to reduce the risk of forged...
Insurable interest
What is insurable interest
When you purchase insurance, the insurance company is taking on a risk. In order for the company to be willing to...
Gift of Equity
What is a Gift of Equity
A gift of equity is a home sale in which the seller agrees to give the buyer a certain...
Cash Ratio
What is the cash ratio and why is it important
The cash ratio is a measure of a company's ability to pay its short-term debts...
Accrued Revenue
What is accrued revenue and why is it important
Accrued revenue is income that has been earned but not yet received. This can happen when...
Tax Planning
What is tax planning and why do you need it
Tax planning is the process of arranging your financial affairs in a way that minimizes...
Joint Probability
What is joint probability
Joint probability is a statistical concept that refers to the likelihood of two events occurring together. For example, the joint probability...
Hurdle Rate
What is a hurdle rate and why is it important
A hurdle rate is the rate of return that an investment must achieve in order...
Ground Lease
What is a ground lease
A ground lease is a type of lease in which the tenant leases a parcel of land from the landlord....
Duopoly Definition
What is a duopoly?
A duopoly is a situation where two companies together own all, or nearly all, of the market for a given product...