What Is an Official Settlement Account? An official settlement account is a special type of account used in international balance of payments (BoP) accounting to keep track of central banks’ reserve asset transactions with one other. The official settlement account keeps track of transactions involving gold, foreign exchange reserves, bank deposits and special drawing rights…
Cargill is one of the largest private companies in the United States. Since its founding in 1865 by William W. Cargill, the company has maintained its status as a private company mainly owned by family heirs. Cargill is one of the largest players in the agricultural, livestock, and processed foods markets. Through a series of…
The Kroger Co. (KR) shares rose more than 7% during Monday’s session amid the ongoing stockpiling trends throughout the United States. Many grocery stores have been forced to reduce hours to allow more time for restocking while instituting caps on in-demand items like sanitizer and toilet paper to ensure that people have access to the…
Because bondslike any other securityexperience market fluctuations, traders may be eager to profit from a bet that the price of a bond will go lower. You can sell a bond short, but it can be trickier than shorting stocks. Key Takeaways It is possible to sell short bonds by borrowing them and selling them in…
What Is Paid-Up Capital? Paid-up capital is the amount of money a company has received from shareholders in exchange for shares of stock. Paid-up capital is created when a company sells its shares on the primary market directly to investors, usually through an initial public offering (IPO). When shares are bought and sold among investors…
Global markets settle after Monday’s historic losses Trump to ask Congress for $850 billion bailout package Lawmakers seek other measures to help small businesses and individuals Global markets are settling this morning following Monday’s selloff, which was one of the worst for European and U.S. markets in history. Health officials finally got their message across…
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…
The hospitality industry is a large field within the service industry that includes smaller fields such as hotels and lodging, event planning, theme parks, transportation, cruise lines, and other fields within the tourism industry. With the hospitality industry being a general one, it is extremely important to define a set of financial ratios that can…
Over the past few years, South Asia has sustained a period of robust growth that has lifted up many living in poverty, and made notable strides in health and education. In fact, the World Bank reports that between 2013 and 2016, growth in South Asian countries increased from 6.2% to 7.5% while growth rates of…