With the coronavirus pandemic ravaging all nations of the world, and global economies falling, the United States has taken different measures to ensure that both the economy and citizens are well cate...
What is a Balanced Budget?DefinitionA balanced budget is a financial term used to refer to a budget that does not have its expenses exceeding its revenues. It occurs when revenue is equals to or ...
The House Democrats presented a $3 trillion coronavirus pandemic relief to the House on Tuesday. The relief package is meant to serve as second-round support to provide financial aid to American citiz...
There are many reasons why a person would want to take a loan, some of which are business expansion or financing, mortgage, investing, borrowing, education funding, marriage funding, etc. A l...
What is Bank-Owned Life Insurance (BOLI)?DefinitionBank-owned life insurance is a type of life insurance that covers a bank both as the owner and beneficiary. Through the use of some cash-value p...
The stock market has been selling off aggressively in the past few days and it seems like the Dow is heading into the red zone for this month, May 2021. The dow is down 433, the S&P is also down a...
While the pandemic has left a lot of families struggling to make ends meet, the income of most of the wealthiest people has remained intact - and a good number of these people include the ones in char...
Philanthropist, MacKenzie Scott, announced on Tuesday that she has donated $2.7 billion to 286 organizations across the United States. In a Medium post that she sent out from her account, sh...
DefinitionA bare trust (also known as naked trust or simple trust) is a type of trust which makes provision for a beneficiary to fully access the capital and assets in a trust, and the income generate...
Criminal indictments have been filed against the Trump Organization and its chief financial officer, Allen Weisselberg, by a Manhattan grand jury on Wednesday. However, the indictments will remain sea...