Industries That Cannot Claim Cost of Goods Sold (COGS)
Generally speaking, the Internal Revenue Service (IRS) allows companies to deduct the cost of goods that are used to either…
Business News
What Is Surplus Lines Insurance? How It Works, Uses, and Types
What Is Surplus Lines Insurance? Surplus lines insurance protects against a financial risk that is too great or too uncommon…
Investing in Out-of-State Property
Buying and owning property is rarely easy or simple. When the property in question is in a distant location, the…
Central Registration Depository—CRD Definition
What Is the Central Registration Depository (CRD)? The Central Registration Depository (CRD) is a database maintained by the Financial Industry Regulatory…
Yankee Bond Defined
What Is a Yankee Bond? A Yankee bond is a debt obligation issued by a foreign entity, such as a…
Unamortized Bond Discount Definition
What Is an Unamortized Bond Discount? An unamortized bond discount is an accounting methodology for certain bonds. The unamortized bond…
Trust Indenture Definition
What Is a Trust Indenture? A trust indenture is an agreement in a bond contract made between a bond issuer…
Debt Bomb Definition
What Is a Debt Bomb? A debt bomb is a situation occurring when a major financial institution, such as a…
Composite Index of Lagging Indicators Definition
What Is the Composite Index of Lagging Indicators? The Composite Index of Lagging Indicators is an index published monthly by…
Peter Westfall
Experience Peter H. Westfall is a distinguished professor of information systems and quantitative sciences at Texas Tech University. He has…