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...
Capital Loss Carryover
What is capital loss carryover
When an investor realizes a capital loss on the sale of an asset, they may be able to use that...
Fixed Asset Turnover Ratio
What is the Fixed Asset Turnover Ratio
The Fixed Asset Turnover Ratio is a financial ratio that measures a company's efficiency in using its fixed...
Exculpatory Clause
What is an exculpatory clause
An exculpatory clause is a provision in a contract that releases one or more parties from liability in the event...
Factor Market
What is a Factor Market
A factor market is a market where firms and households purchase or sell productive factors of production. The key productive...