What is the nominal return? The nominal yield of a bond, represented as a percentage, is calculated by dividing the total interest paid annually by the nominal, or bybond value. Key points to remember The nominal yield of a bond, represented as a percentage, is calculated by dividing the total interest paid annually by the…
Yoghurt or curd for skin whitening and oily skin treatments. Everyone wants a flawless and brighter looking skin. But at times due to certain factors, the skin may look dull and lifeless. Not only can that extreme sun exposure also make your skin looks darker than it is. Apart from that, young adults face acne,…
How much car insurance do you need? The answer depends on a number of factors, including where you live, the value of your car, and other assets you need to protect. Here’s what you need to know. Key points to remember Most states require you to have at least a minimum amount of insurance coverage…
What is a death alert? A death alert is a notification that credit card companies, credit rating agencies, and other financial institutions with knowledge of a person’s death. These opinions are crucial in the fight against identity theftas would-be thieves often attempt to obtain new loans using the personal information of deceased persons. Key points…
Personal debt in the United States is skyrocketing. In the last quarter of 2018, data from the Federal Reserve revealed that collective personal debt exceeded $4 trillion in America for the first time ever, and had reached over $4.5 trillion by June 2022. One of the recommended ways to pay off debt is to make…
What is the Russell Small Cap Completeness Index? The Russell Small Cap Completeness Index is a market capitalization weighted index composed of Russell 3000 stocks that are not included in the Standard & Poor’s 500 index. By constructing it this way, investors have a large basket of small- and mid-cap assets that are uncorrelated to…
What is a Lady Macbeth strategy? A Lady Macbeth strategy is a corporate takeover scheme in which a third party poses as a White knight to gain trust, only to then turn around and join the hostile side in a Hostile takeover offer. Behind the scenes, the hostile bidder and the supposed white knight of…
What is breakage? Breakage is a term used to describe revenue earned by retailers from unused gift cards or other prepaid services that are never claimed. In these cases, the business pockets the money paid for these items, without actually providing the service or item the customer originally paid for. Although almost all of this…
What is a lightweight file? A “thin file” refers to the credit report of a person with little or no credit history. Consumers who are just starting out and who may never have taken out a loan or had a credit card are said to have light files. Key points to remember A person with…