Negative Covenant
What Is a Negative Covenant? A negative covenant is a term you may have heard a lot. These agreements are often used in non-compete and non-solicitation agreements, among others. They are legally binding and may have a number of different consequences. Listed below are some of the types of agreements you may have encountered. Asset sale covenant What is a Negative Asset...
Net Receivables
What are net receivables and why are they important Net receivables are a company's outstanding accounts receivable minus any provisions for doubtful debts. In other words, they are the portion of a company's receivables that is expected to be collected. Net receivables are important because they represent the amount of money that a company can expect to receive in the...
Standby Letters of Credit
Getting a standby letter of credit Getting a standby letter of credit (SLOC) is a popular option for international trade. This type of credit assures the recipient that the person or company is a trustworthy business partner. The process is similar to that of applying for a loan, except that the bank only issues an SLOC after evaluating the applicant's...
Renko Chart
What is a Renko Chart A Renko chart is a type of Japanese candlestick chart that is used to predict price movements in the financial markets. The name "Renko" comes from the Japanese word for bricks, which is what the candlesticks on a Renko chart look like. Traders use Renko charts to identify trend direction and possible support and resistance...
How To Make Your eCommerce Dreams Come True? Follow These Useful Guidelines
Starting your own eCommerce store can seem like a daunting task. But with the right guidance and advice, it can be a very achievable goal. In this article, we will provide you with some useful tips on how to make your eCommerce dreams come true. We will discuss things such as choosing the right platform and hosting plan, making...
Dragonfly Doji Candlestick
Dragonfly Doji Candlestick A dragonfly doji candlestick is a very useful chart pattern because it opens and closes at the same price. A bullish or bearish move could follow a dragonfly doji candlestick. There are several factors that can be used to interpret dragonflies. Learn more about Patterns, RSI, Body, Probability of Reversal, and how to interpret these indicators. Patterns A good...
Nonforfeiture Clause
What is a nonforfeiture clause and why do you need one in your life insurance policy A nonforfeiture clause is a type of provision found in many insurance policies. It states that if the policyholder stops making premium payments, they will still be entitled to some sort of benefits. For example, the insurer may agree to continue providing coverage for...
Unsponsored ADR
What is an unsponsored ADR An unsponsored American depositary receipt (ADR) is a financial instrument that trades in the U.S. markets and represents a foreign company's publicly traded equity. Unsponsored ADRs are not issued by the foreign company, nor are they supported or guaranteed by it. Rather, unsponsored ADRs are created by U.S. depositary banks at the request of investors....
Uniform Simultaneous Death Act
What Is the Uniform Simultaneous Death Act? In some states in the United States, there is a law known as the Uniform Simultaneous Death Act, which is designed to alleviate the problem of simultaneous deaths. While this act has been in place for some time, the latest changes make it even more effective. These changes make the process of transferring...
Covered Interest Rate Parity
What is covered interest rate parity Covered interest rate parity is an important concept in international finance. It states that the forward exchange rate between two currencies will equal the spot exchange rate plus the interest rate differential. In other words, the forward exchange rate is equal to the expected future spot exchange rate. This relationship is important because it helps...