Ordinary Loss Definition
What is an ordinary loss? An ordinary loss is a loss realized by a taxpayer when expenses exceed income in…
Finance
Inter-Dealer Broker (IDB) Definition
What is an Inter-Dealer Broker (IDB)? An Inter-Dealer Broker (IDB) is a specialized broker financial intermediary which facilitates transactions between…
LIBOR Alternatives
The London Interbank Offered Rate, better known as the LIBOR, was once the most important benchmark interest rate for pricing…
Peak Pricing: Definition and Example
What is the maximum pricing? Peak pricing is a form of congestion pricing where customers pay additional charges during periods…
CBOE Options Exchange Definition
What is the CBOE Options Exchange? Founded in 1973, the CBOE Options Exchange is the largest in the world options…
One-Time Charge Definition
What is a single charge? A one-time charge, in business accounting, is a charge on a company's earnings that company…
Reloadable Debit Cards: How They Work
Reloadable debit cards allow you to periodically add money to your card balance, which you can then spend as needed.…
Pick-Up Tax Definition
What is the collection tax? The collection tax was a inheritance tax levied by individual states, allowing them to share…
What Is GDP and Why Is It Important? A Guide
Gross Domestic Product (GDP) is one of the most widely used indicators of economic performance. GDP measures the total output…
Civil Rights Act of 1964
What Is the Civil Rights Act of 1964? The Civil Rights Act of 1964 was landmark legislation that addressed the…