Central Registration Depository—CRD Definition

What Is the Central Registration Depository (CRD)? The Central Registration Depository (CRD) is a database maintained by the Financial Industry Regulatory Authority (FINRA) since 2007 for all firms and individuals involved in the U.S. securities industry. It is used to store and maintain information on registered securities and broker firms, as well as individuals who dispense…

What Is Surplus Lines Insurance? How It Works, Uses, and Types

What Is Surplus Lines Insurance? Surplus lines insurance protects against a financial risk that is too great or too uncommon for a regular insurance company to take on. Surplus lines insurance can be purchased by individuals or companies. Key Takeaways Surplus lines insurance protects against a financial risk that a regular insurance company will not take…

Industries That Cannot Claim Cost of Goods Sold (COGS)

Generally speaking, the Internal Revenue Service (IRS) allows companies to deduct the cost of goods that are used to either make or purchase the products they sell for their business. For accounting and tax purposes, these are listed under the entry line-item cost of goods sold (COGS). This reduction can be a major benefit to…

Top 15 movie sequels that have nothing to do with the original, what’s this story?

If generally the goal of a sequel to the cinema is to continue the story where the first film ended by keeping more or less the same tone and respecting the codes put in place, certain exceptions come a little to make a finger of honor to this principle. If in fact it can give…