Tax Code

What is a tax code? In the United States, the federal and state governments impose a variety of taxes under their respective tax laws, often referred to as tax codes. An income tax code is a law that prescribes the rules that individuals, businesses, and other entities must follow when paying a portion of their…

FuelCell (FCEL) Rebounds Despite Earnings Miss

FuelCell Energy, Inc. (FCEL) shares rose more than 3% as President Biden’s pro-environment agenda offset weak fourth-quarter financial results that fell short of expectations. Key points to remember FuelCell Energy shares rebounded after President Biden decided to join the Paris climate accord and signed a series of executive orders. The move came despite worse-than-expected fourth…

Over-the-Counter (OTC)

What are over-the-counter (OTC) products? Over-the-counter (OTC) is the process of trading securities through a broker network as opposed to a centralized exchange like the New York Stock Exchange. Over-the-counter transactions may relate to shares, bonds and derivativeswhich are financial contracts that derive their value from an underlying asset such as a commodity. Where companies…

Lagged Reserves Definition

What are staggered reserves? Lagged reserves are a method for calculating the required level of bank reserves on hand or with a Federal Reserve Bank. The amount of the reserve requirement is based on the value of the bank’s assets submission of the application accounts for the previous two weeks. Key points to remember Lagged…

What Is Ethereum?

What Is Ethereum? At its core, Ethereum is a decentralized global software platform powered by blockchain technology. It is most commonly known for its native cryptocurrency, ether, or ETH. Ethereum can be used by anyone to create any secured digital technology. It has a token designed for use in the blockchain network, but it can…