Finance

What is socionomy? Socionomy is the study of social mood and its influence on social attitudes and actions. Specifically, he seeks to understand how social mood regulates the overall tenor and character of social behavior in areas such as politics, pop culture, financial markets, and economics. Socionomic theory proposes that leaders and their policies are…

What is an ordinary loss? An ordinary loss is a loss realized by a taxpayer when expenses exceed income in normal business operations. Ordinary losses are losses incurred by a taxpayer that are not capital losses. An ordinary loss is fully deductible to offset income, thereby reducing the tax owed by a taxpayer. Understanding Ordinary…

What is an Inter-Dealer Broker (IDB)? An Inter-Dealer Broker (IDB) is a specialized broker financial intermediary which facilitates transactions between investment banks, brokers, and other major financial institutions. IDBs work with large blocks of securities when trading volume is low or when clients seek anonymity on their orders. The inter-dealer broker often focuses on transactions…

The London Interbank Offered Rate, better known as the LIBOR, was once the most important benchmark interest rate for pricing overnight and short-term loans that banks make to each other. This reference rate served as the basis for other types of loans made by financial institutions, including mortgages, car loans and financial products like credit…

What is the maximum pricing? Peak pricing is a form of congestion pricing where customers pay additional charges during periods of high demand. Peak pricing is most often implemented by utility companies, which charge higher rates during times of the year when demand is highest. The purpose of peak pricing is to regulate demand so…

What is the CBOE Options Exchange? Founded in 1973, the CBOE Options Exchange is the largest in the world options swap with contracts based on individual stocks, indices and interest rate. Originally known as the Chicago Board Options Exchange (CBOE), the exchange changed its name in 2017 as part of a rebranding effort by its…

What is a single charge? A one-time charge, in business accounting, is a charge on a company’s earnings that company executives expect to be an isolated event and is unlikely to recur. A single charge can either be a cash charge against revenue such as the cost of paying severance payments to terminated former employees…

Reloadable debit cards allow you to periodically add money to your card balance, which you can then spend as needed. If you’re considering getting a reloadable debit card, here are some important things to know, including how they differ from regular bank debit cards. Key points to remember A reloadable or prepaid debit card is…

What is the collection tax? The collection tax was a inheritance tax levied by individual states, allowing them to share in the proceeds and revenues of federal estate taxes. Although states may have claimed a portion of federal tax on an individual’s estate transfers, the pickup tax did not increase the value of the estate….