British trust law enjoys a long, fascinating history dating back to the feudal times of the 12th century and the Statute of Uses adopted during the reign of Henry VIII in the 16th century. Back then, trust and equity rules were established as a parallel justice system to address “inequity” of common law around property disputes…
The SPDR Gold Shares ETF (GLD) made new highs on Monday before giving up some ground on Tuesday as concerns about the novel coronavirus spread across Europe and the United States. The number of cases in Italy soared past 300 by Tuesday, while the Centers for Disease Control (CDC) warned that the virus would likely…
Macy’s, Inc. (M) stock sold off on Tuesday after a seemingly benign fourth quarter 2019 report, posting earnings per share of $2.12, which beat estimates by $0.14. Revenue fell 1.4% year over year, continuing a contraction that started in the middle of the last decade when e-commerce grabbed huge market share from brick-and-mortar retailers. Comparative…
Summary Credit card enthusiast and expert with formal education and work experience in accounting. Holds a Certified Pubic Accountant (CPA) license in Virginia. Has professionally written for several major publications including U.S. News & World Report, Credit Karma, LendingTree and more. Founded Money Manifesto, a personal finance blog, in 2012. Experience Lance spent six years…
What Is a Bank Endorsement? A bank endorsement is a guarantee by a bank confirming that it will uphold a check or other negotiable instrument, such as a banker’s acceptancefrom one of its customers. This assures any third-party that the bank will back the obligations of the creator of the instrument in the event the…
What Is Rational Behavior? Rational behavior refers to a decision-making process that is based on making choices that result in the optimal level of benefit or utility for an individual. The assumption of rational behavior implies that people would rather take actions that benefit them versus actions that are neutral or harm them. Most classical…
Medical software companies are involved in building and delivering products, systems, services, or solutions within a medical space. These companies solve a myriad of customer needs. Key Takeaways Companies in the medical software space provide a number of solutions for related companies, including networking and record-keeping solutions, as well as software for medical research. Investors…
The heightened volatility in global equities over the past several trading sessions has asset prices in nearly every sector market heading toward long-term support levels. Most active traders have been on the lookout for buying opportunities, and one of the sectors that has been consistently popping up on radars is technology. In the paragraphs below,…
What Is Musharakah? Musharakah is a joint enterprise or partnership structure in Islamic finance in which partners share in the profits and losses of an enterprise. Since Islamic law (Sharia) does not permit profiting from interest in lending, musharakah allows for the financier of a project or company to achieve a return in the form…