Dogecoin Crash This Summer?
Today, cryptocurrency holders are not doing so well. The market has crashed, and most gains made by up-and-coming currencies have all but been lost....
Functional Obsolescence
What is functional obsolescence
Functional obsolescence is a term used to describe a product that is no longer able to perform its intended function. This...
Proportional Tax
What is proportional tax
A proportional tax is a tax that takes the same percentage of income from all taxpayers. For example, if the tax...
Golden Parachute
What is a golden parachute
A golden parachute is a severance package typically offered to high-ranking executives who are fired or forced to resign from...
Writ of Execution
What is a Writ of Execution
A writ of execution is a legal document that orders the seizure of a debtor's property in order to...
Acceleration Clause
What is an acceleration clause
An acceleration clause is a contract provision that gives one party the right to speed up the performance of its...
Store of Value
What is a store of value
A store of value is any asset that can be saved, retrieved and exchanged at a later time for...
Normal Good Definition
What is normal good and how is it different from other types of goods
Normal goods are a type of consumer good for which an...
Path Act: Protecting Americans from Tax Hikes Act
What is Path Act
The Protecting Americans from Tax Hikes Act of 2015 (PATH Act) was enacted on December 18, 2015, and made a number...