As the Coronavirus epidemic continues, businesses, securities, and features are beginning to feel the impact. As the stock market opened on Monday, Feb 24, 2020, the Dow Jones Industrial Average tan...
On Monday, Feb 24, 2020, Bernama state news agency reported that subsidiaries of Goldman Sachs (GS) numbering three pleaded not guilty to charges of misleading investors regarding $6.5 billion i...
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...
Recently, in a YouTube interview with Marques Brownlee, Billionaire and Microsoft founder, Bill Gates revealed that he acquired a new Porsche Taycan Turbo S. This electric vehicle is worth about $18...
What is the definition of a Barrels of Oil Equivalent (BOE)?DefinitionBarrels of oil equivalent is a measure of the amount of energy contained in a barrel of oil. BOE is primarily a measure of en...
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...
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...
DefinitionA bank run is a term used to describe a situation where bank customers withdraw all the money in their deposit accounts for fear that the bank insolvency. The more customers withdraw their m...
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...
What is Bank Guarantee (BG)?DefinitionA bank guarantee is a financial term used to refer to the agreement made between three parties—the bank, the beneficiary, and the applicant. The applicant ...