Exchange Control
What is Exchange Control Exchange Control is a system that controls the flow of currency in and out of a country. It is usually put in place by the government in order to stabilize the currency, prevent inflation, and protect the economy. Exchange Control can take many different forms, such as limiting the amount of currency that can be bought...
Least Squares Criterion
What is the least squares criterion The least squares criterion is a statistical technique used to find the best fit for a set of data points. The technique minimizes the sum of the squared errors between the data points and the line of best fit. The least squares criterion is often used in linear regression, where it can be used...
How To Find the Cheapest Short Term Health Insurance
Short-term health insurance is a type of insurance that is designed to cover people for a short period of time. This type of health insurance is typically less expensive than traditional health insurance policies, and it can be a good option for people who are between jobs or who are waiting for their new policy to kick in. If...
What Exactly Is A Credit Score And Why Is It Important
The term credit score is often heard when it comes to finances. Even buying something as simple as a plan for your cellphone can involve your credit score. Knowing what this seemingly vague report is and how it can affect your life is important when trying to maintain financial stability, investing in property, or starting a business. Not only...
Eavesdropping Attack
How to Protect Yourself From an Eavesdropping Attack An eavesdropping attack works by using a transmission link, such as radio frequency transmission or a wire, such as an active or unused telephone line or electrical wire or conduit. Some transmitters operate continuously while others require remote activation. In an eavesdropping attack, a bug is placed on a telephone, triggering the...
Flotation Cost
What is flotation cost and why is it important to investors Flotation cost is the costs incurred by a company when it sells new securities. The costs include underwriting fees, legal fees, and accounting fees. The flotation cost is important to investors because it affects the price at which the securities are offered. If the flotation cost is high, then...
Negative Assurance
What is Negative Assurance Negative assurance is a type of assurance that is typically given by auditors in order to mitigate their own risk. In essence, negative assurance states that nothing has been found to be incorrect or misleading during the audit process. While this may provide some level of comfort to shareholders, it does not provide the same level...
Wrap Account
What Is a Wrap Account? A wrap account is a kind of investment account in which an investor can consolidate all his or her financial plans and investments into one single account. Wrap accounts are offered by many financial institutions for a fee or a series of charges, which cover the administrative costs and management of the account. Here's a...
Demand Draft
What is a demand draft and how does it work A demand draft is a type of check that is typically used for business transactions. Unlike a personal check, which can be written for any amount, a demand draft is only issued for a specific amount. This amount is then deducted from the account of the payer (known as the...
Revenue Bond
What is a revenue bond A revenue bond is a type of bond that is backed by the revenue from a specific project or source. This means that if the revenue stream dries up, the bondholders will not be repaid. Revenue bonds are often used to finance public projects, such as roads, bridges, and sewers. Because they are not backed...