An annuity refers to a contract between an individual and an insurance company where the individual makes a lump sum payment or series of payments, and then receives regular disbursements, either imme...
Investing whether for family, future or now is as old as man himself and is the evidence of his desire to make, acquire & amass wealth. It is an area of financial education that requires deep unde...
What is Bail-In?DefinitionA bail-in is a means of providing help by the creditors of a company on the verge of failure by writing off debt the company is owed or converting the debt into equity, ...
What Is Life Insurance?Life insurance is an insurance policy whereby the potential insured and the insurance policyholder signed a contract where the insured agreed to pay a stipulated beneficia...
Richness is not limited to a particular sect in society. Anybody can be rich but there are some measures that such an individual must be willing to follow. Being rich comes with financial independence...
Super Tuesday’s results had a great impact on the US stock market as the US stock market futures increased following Joe Biden’s big win on Tuesday. His win not only resurrected his campaign but a...
Time Period: December 2007 - June 2009Duration: 18 monthsGlobal GDP: -5.1%Global Unemployment Rate: 10%Similar Instance: The 1930s Great DepressionThe Great Recession was an economic decline era which...
Key PointsThe FPUC is an emergency program created by the federal government under the CARES Act of 2020, to increase unemployment insurance benefits to individuals who have become unemployed as a res...
The initiative behind self-storage business is to be able to provide storage services to individuals who need to store their belongings somewhere else, due to insufficient storage in their homes. Thi...
In finance, a custodian is simply referred to as a financial institution responsible for holding and safe-keeping customers’ securities, trust funds and other assets to help them prevent loss or the...