Tag: coronavirus
Old Economy
What is the old economy
The old economy is an economic system that is based on traditional industries such as manufacturing and agriculture. This system...
On-Us Item
What is an 'On-Us Item' An on-us item is a check or draft that is presented to the bank where the check...
Main Street
What does 'Main Street' mean Main street is a colloquial term used to refer to individual investors, employees and the overall economy....
Macroeconomic Stabilization Fund (FEM)
What is 'Macroeconomic Stabilization Fund - FEM' A reserve fund established by the country of Venezuela. Also known as the "FEM," it...
Above The Line Deduction
DefinitionIn the United States tax law, an above-the-line deduction is a deduction that the Internal Revenue Service allows a taxpayer to subtract from his...
Above-The-Line Costs
What is 'Above-The-Line Costs' Costs incurred during the production of an advertising commercial that are associated with the creative side of it....
Accelerated Payments
What are accelerated payments and how do they work
Accelerated payments are payments that are made before the scheduled due date. They are often used...
Ramp Up
DefinitionRamp up is a term used in economics and business to describe an increase in a firm's production ahead of anticipated increases in product...
Salary Freeze
What is 'Salary Freeze' The action of a company suspending salary increases for a period of time. By freezing salary increases for...
Bad Debt Recovery
What is a 'Bad Debt Recovery' A bad debt recovery is business debt from a loan, credit line or accounts receivable that...