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….
Gross Domestic Product (GDP) is one of the most widely used indicators of economic performance. GDP measures the total output of a national economy during a given period and is seasonally adjusted to remove quarterly variations based on weather or holidays. The most closely watched measure of GDP is also adjusted for inflation to measure…
What Is the Civil Rights Act of 1964? The Civil Rights Act of 1964 was landmark legislation that addressed the prejudice occurring in society in the U.S. at the time. Through its 11 titles, it banned discrimination and segregation based on race, religion, natural origin, and sex in employment and in all public places, such…
What is substandard insurance? A person who may not qualify for a standard insurance policy may receive a substandard insurance policy from an insurance provider. Substandard insurance policies contain special or restrictive provisions and will have higher premiums due to the higher risk posed by the individual. Since they are considered a higher risk, it…
What is a business inversion? A corporate inversion – also called a tax inversion – is a process by which companies, primarily based in the United States, relocate their operations overseas to reduce their tax liability. Companies that receive a significant portion of their income from foreign sources may use corporate inversion as a strategy,…