Mitch Strohm is a freelance writer and digital marketing consultant. He’s been covering the personal finance and credit card industry for more than 12 years.
Previously, Mitch managed a number of niche personal finance focused sites, where he oversaw a team of experts to develop credit card, loan, and savings content. He has also held senior positions in content marketing and social media.
What Is a Covenant-Lite Loan? A covenant-lite loan is a type of financing that is issued with fewer restrictions on the borrower and fewer protections for the lender. By contrast, traditional loans generally have protective covenants built into the contract for the safety of the lender, including financial maintenance tests that measure the debt-service capabilities of…
Dow component Nike, Inc. (OF) reports earnings after Tuesday’s closing bell, with Wall Street analysts expecting earnings per share (EPS) of $0.56 on third quarter 2020 revenue of $9.5 billion. The sports and apparel giant saw its shares fall more than 2% after beating estimates on both metrics in the December release, with investors jumping ship…
Although it is rare, companies and governments do issue bonds with a century-spanning term. For example, multi-billion dollar corporations such as the Walt Disney Company (DIS) and Coca-Cola (IS) have issued 100-year bonds in the past. Countries such as Argentina, Austria, and Mexico have issued 100-year bonds, too. Why on earth would an investor buy a…
What Is an Allocation Rate? An allocation rate is a percentage of an investor’s cash or capital outlay that goes toward a final investment. The allocation rate most often refers to the amount of capital invested in a product net of any fees that may be incurred through the investment transaction. An allocation rate may…
What Is Commercial General Liability (CGL)? Commercial general liability (CGL) is a type of insurance policy that provides coverage to a business for bodily injury, personal injury, and property damage caused by the business’s operations, products, or injuries that occur on the business’s premises. Commercial general liability is considered comprehensive business insurance, though it does…
Generally speaking, the Internal Revenue Service (IRS) allows companies to deduct the cost of goods that are used to either make or purchase the products they sell for their business. For accounting and tax purposes, these are listed under the entry line-item cost of goods sold (COGS). This reduction can be a major benefit to…