What is the Factor Market? A factor market is a market where means, or factors, of production are exchanged. Another term for factor market is input market. Typically, companies will buy and sell the resources that they need to produce goods and services for their end-users. The price at which companies or individuals purchase resources…
What is a Financial Planner? A Financial Planner – also referred to as a Personal or Certified Financial Planner – is a qualified financial or investments advisor. They provide their clients with professional advice regarding investments, insurance, tax, wealth management, and retirement planning. A financial planner provides individuals with advice concerning the management of their…
What is Business Intelligence (BI)? Business intelligence, often abbreviated as BI, is the practice of turning data into actionable insights that enable business leaders to improve the performance of the business. Business intelligence processes include collecting data, creating models, analyzing the data with queries, creating data visualizations such as charts, and producing reports to be…
What is the C-Suite? The C-suite, also called the C-level, is used to categorize the most senior executives of an organization. C-suite comes from the titles of top executives, which typically start with the letter “C.” Understanding C-Suite The C-suite is the most important and influential group of individuals in an organization. To become part…
What is a Credit Card Dump? A credit card dump refers to a digital copy of stolen credit card information and is commonly used by fraudsters to clone credit cards and make unauthorized purchases. Understanding a Credit Card Dump Credit card information is most commonly stolen from: A credit card skimmer, which is an illegal…
What is the Benefit-Cost Ratio (BCR)? The benefit-cost ratio (BCR) is a profitability indicator used in cost-benefit analysis to determine the viability of cash flows generated from an asset or project. The BCR compares the present value of all benefits generated from a project/asset to the present value of all costs. A BCR exceeding one…
What is Commercial Real Estate? Commercial real estate are buildings or land that generate income, and while the definition varies among different countries, the core offering remains the same. Classifications of Commercial Real Estate Broadly, commercial real estate can be classified into: 1. Multi-family real estate Multi-family real estate is housing with multiple units, ideally…
What is a Black Market? A black market refers to a marketplace or system of exchange that subverts official government regulations. Often referred to as the underground economy, it is economic transactions that are illegal or are non-compliant behaviors within a set of rules or laws. A black market is distinct from a grey market,…
What is Cashback? Cashback is a credit card perk where a percentage of eligible purchases made on the credit card is paid back to the cardholder. The concept of cashback gained mainstream traction in 1986 when Discover Financial Services, a division of Morgan Stanley, launched a credit card with no annual fees, a higher-than-normal credit limit, and…
What are Baby Bonds? As the name suggests, baby bonds are fixed-income securities with the size characteristics of babies in the sense that their par values are small. Baby bonds have a par value of less than $1,000 but typically range in values between $25 and $500. A sample baby bond from New Mountain Finance…
