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It is possible for an insurer to cancel a policy after only one accident, but it’s unlikely. There is a higher likelihood of the insurer canceling the policy if the accident results in the revocation of your driver’s license or is due to driving under the influence (DUI) or driving while intoxicated (DWI). Some states do allow insurers to cancel …

Quest Diagnostics Incorporated (DGX) shares briefly broke out from trendline resistance after the company announced that it would launch a coronavirus testing service beginning on March 9, 2020. The molecular diagnostic assay that detects viral RNA is pending review by the Food and Drug Administration under the Emergency Use Authorization provision. The announcement came shortly after representatives from Quest Diagnostics, …

What Is Vertical Foreign Direct Investment? Foreign direct investment (FDI) is an investment made by a company (or individual) into a business located in another country. It can either be in the form of establishing business operations or acquiring business assets in a foreign country. A horizontal direct investment occurs when a company establishes the same type of business operation in …

If you have a lot of storage space, your attic and garage may be stuffed with old furniture, books, and other items you’ve held onto over the years. At first glance, it may just seem like nothing more than a pile of junk. But, if you rummage through carefully, there may be a chance that you’re sitting on a few …

Borrowing from your 401(k) or withdrawing money from your IRA before you have retired is generally a bad idea because it can set you back years in reaching your retirement savings goals. Not only do you lose the opportunity to earn compound returns on the money you withdraw or borrow, but people usually stop making contributions when they make a withdrawal …

What Is Public? Public refers to anything that can be accessed by any person or group in the general population. In the context of investment and finance, the term is most commonly used to describe securities that are available on an exchange or an over-the-counter market, and the population who trades those securities. Key Takeaways Public refers to anything that …

What Is Structured Finance? Structured finance is a heavily involved financial instrument presented to large financial institutions or companies with complicated financing needs who are unsatisfied with conventional financial products. Since the mid-1980s, structured finance has become popular in the finance industry. Collateralized debt obligations (CDOs), synthetic financial instruments, collateralized bond obligations (CBOs), and syndicated loans are examples of structured …

What Is a Maturity Date? The maturity date is the date on which the principal amount of a note, draft, acceptance bond or other debt instrument becomes due. On this date, which is generally printed on the certificate of the instrument in question, the principal investment is repaid to the investor, while the interest payments that were regularly paid out …

Although aerospace and defense stocks came back to earth as fast as a failed missile launch last week, the sector remains underpinned by favorable fundamentals. President Donald Trump, a proponent of a strong U.S. military, allocated generously to the 2020 defense budget, ramping up the Pentagon’s spending power to $738 billion – an increase of $21 billion, or almost 30%, from …