IATA predicts 2020 global revenue losses up to $113 billion Airlines struggle to fill seats, cancel flights to save money Millennials may have killed many industries, but airlines have only the coronavirus outbreak to blame for their suffering. Let’s face it, no one wants to get on a plane and touch those trays these days….
What Are the Statutory Accounting Principles (SAP)? The Statutory Accounting Principles (SAP) are a set of accounting regulations prescribed by the National Association of Insurance Commissioners (NAIC) for the preparation of an insurance firm’s financial statements. The overarching objective of SAP is to assist state regulators in monitoring the solvency of insurance companies. Key Takeaways The…
What Is an Agency Bond? An agency bond is a security issued by a government-sponsored enterprise or by a federal government department other than the U.S. Treasury. Some are not fully guaranteed in the same way that U.S. Treasury and municipal bonds are. An agency bond is also known as agency debt. Key Takeaways Federal…
What Is a Night Depository? A night depository is a secured bank drop box where accountholders (usually small business owners or employees) can deposit their daily cash, checks, and credit card slips outside of normal banking hours (usually between 9 AM and 5 PM). The bank will collect the deposits and credit them to the…
Lyft, Inc. (LYFT) shares rose more than 8% during Wednesday’s session after management said that the coronavirus had little impact on its business thus far. JPMorgan analyst Doug Anmuth called shares “extremely compelling” following the comments from Lyft, noting the company’s strong fundamentals. The analyst maintained an Overweight rating on the stock due to increasing…
Charts are a technical trader’s portal to the markets. With so many advances in analysis platforms, traders are able to view a tremendous assortment of market information. But with so much data available, it’s important to create well-designed charts that will enhance, not hinder, your market analysis. The faster you can interpret market information, the faster…
Real estate investment trusts (REITs) are a popular way for investors to own income-generating real estate without having to buy or manage property. Investors like REITs for their generous income streams. To qualify as a REIT, the trust must distribute at least 90% of its taxable income to shareholders. In turn, REITs typically don’t pay…
What Is an Experience Rating? An experience rating is the amount of loss that an insured party experiences compared to the amount of loss that similar insured parties have. Experience rating is most commonly associated with workers’ compensation insurance. It is used to calculate the experience modification factor. Key Takeaways Insurance experience ratings are losses…
What Is a Discount Margin—DM? A discount margin (DM) is the average expected return of a floating-rate security (typically a bond) that’s earned in addition to the index underlying, or reference rate of, the security. The size of the discount margin depends on the price of the floating- or variable-rate security. The return of floating-rate…