Interchange
What is an exchange? An interchange is the transfer of digital information from one computer to another. In business, it…
Finance
Basel Committee on Banking Supervision Definition
What is the Basel Committee on Banking Supervision? The Basel Committee on Banking Supervision (BCBS) is an international committee formed…
Over-Line Definition
What is an overline? In the insurance sector, the term "over-line" refers to the part of an insurance company's coverage…
How to Compare Your 401(k)
A 401(k) plan is a popular way to save for retirement, but each employer determines what they offer with their…
Transaction Costs
What are transaction costs? Transaction costs are the expenses incurred when buying or selling a good or service. Transaction costs…
Berkshire Hathaway Q2 2022 Earnings Report Recap
Berkshire Hathaway earnings results Metric Beat/Miss/Match Reported value Analyst prediction Earnings per share ($) To lack (29,754) (4,079) Revenue ($B)…
Firewall Definition
What is a firewall? A firewall is a legal barrier preventing the transfer of inside information and the performance of…
How to Use a 3-Fund Portfolio in Your 401(k)
When it comes to choosing investments for your 401(k), the number of options available can be overwhelming. There are, however,…
Actual Owner
What is a Beneficial Owner A beneficial owner is a person or entity that receives the benefit of ownership. As…
Government Accounting Standards Board (GASB) Definition
What is the Government Accounting Standards Board (GASB)? The Government Accounting Standards Board (GASB) is a private organization non-governmental organization…