Author: Satheesh Gounder

The “strap” denotes a market-neutral options trading strategy with profit potential on either side of price movement. Strap originated as a slightly modified version of a straddle. A

RH (RH) shares rose more than 20% during Monday’s session after the company announced a temporary furlough of 2,300 employees and a salary reduction for

What Is a Statement of Financial Accounting Standards (SFAS)? Statements of Financial Accounting Standards (SFAS), published by the Financial Accounting Standards Board (FASB), provided guidance

Do you routinely analyze your companies, but don’t look at how they account for their inventory? For many companies, inventory represents a large, if not

What Is a Normal-Course Issuer Bid (NCIB)? A normal-course issuer bid is a Canadian term for a public company’s repurchase of its own stock in

What Is a Commercial Package Policy (CPP)? A commercial package policy (CPP) is an insurance policy that combines coverage for multiple perils, such as liability

What Is an Exceptional Item? An exceptional item is a charge incurred by a company that must be noted separately in its financial report in

What Is Transfer of Risk? A transfer of risk is a business agreement in which one party pays another to take responsibility for mitigating specific

What Is a Private Letter Ruling (PLR)? A private letter ruling (PLR) is a written decision by the Internal Revenue Service (IRS) that is sent