Who Was Simon Kuznets? Simon Kuznets, a Russian-American development economist and statistician, was awarded the 1971 Nobel Memorial Prize in Economics for his research on economic growth. He set the standard for national income accounting, enabling accurate estimates of gross national product to be calculated for the first time. Key Takeaways Simon Kuznets, a Russian-American…

What Is an Advance Block? Advance block is the name given to a candlestick trading pattern. The pattern is a three-candle bearish setup that is considered to be a reversal pattern—a suggestion that price action is about to change from what had been an upward trend to a downward trend in relatively short time frames….

Outperforming your average bond fund on a risk-adjusted basis is not a particularly difficult task for the savvy retail investor. For investors, learning how to create a successful bond portfolio starts with learning some simple allocation methods. The advantages of doing so can be immediate, such as avoiding the high management fees some fund managers…

What Is a Short Line Candle? Short line candles—also known as short candles—are candles on a candlestick chart that have a short real body. This one-bar pattern occurs when there is only a small difference between the opening price and the closing price over a given period. The length of the upper and lower shadows—representing…

What Is a Corporate Pension Plan? A corporate pension plan is a benefit that provides income in retirement based on the employee’s length of service to the company and salary history. Pension plans for American workers have become rare outside of government employment. According to the Bureau of Labor Statistics, in 2019, the percentage of…

What Is an Instructing Bank? An instructing bank is one of the banks that play a role in a transfer of funds between two parties. The instructing bank is the one that initiates the fund transfer process, it acts as the administrator. From the customer, the instructing bank receives instructions on whom to send the…

What Is an Offline Debit Card? An offline debit card is a type of automated payment card, similar to a traditional (online) debit cardthat allows a cardholder to pay for goods and services directly from their bank account. As it is not “online,” there is a delay before the incurred cost is debited from the…

Shareholder Equity vs. Net Tangible Assets: An Overview Shareholder equity and net tangible assets are listed in a company’s balance sheet and both express the company’s net worth and underlying value. Shareholder equity is calculated including intangible assets, such as goodwill and patents, whereas net tangible assets do not include any intangible assets in its…