A lender of last resort is, as the name implies, a lender that will offer credit to institutions when they cannot find it anywhere else. The most common lender of last resort is the Central Bank, the ...
Singer and entrepreneur Akon, nearly a year ago, launched a new digital currency, Akoin.In a white paper presented before the launch, Akon explained the mechanisms and mission of the new cryptocurrenc...
During the 2020 presidential election campaigns, President Joe Biden proposed a tax increase plan that would require certain high-earning companies and individuals to pay more taxes. The Biden propose...
India's neobank, Jupiter raised $45 million in a Series B funding round as the startup prepares for its public launch next month. The round was co-led by Brazil-based Nubank, Sequoia Capital, Glo...
A firm's revolver is a line of short-term credit which the firm can access when it needs short-term funding to pay for operating expenses or one-time transactions. The revolver is always use...
DefinitionBankruptcy is a term used to describe an individual’s or organization’s inability to make payment to its creditors or fulfill its outstanding financial obligations. Though the term is mo...
Borrowers who receive student loan forgiveness are relieved of their duty to repay a portion or all of their federal student loan debt. The recent high-profile failure of numerous for-profit...
LinkedIn is the biggest professional networking platform in the world. You can use it to stay connected in your field and keep in contact with old and new colleagues.It's a fantastic tool for job hunt...
The is a lot of money on Wallstreet. Wall Street is an eight-block stretch of New York City's Financial District in Lower Manhattan. It stretche...
Importers and exporters alike try to avoid any additional costs associated with transporting a package. Demurrage, detention, and storage fees are frequently unplanned costs that might add up to vario...