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Karl Marx

Who is Karl Marx? Karl Marx is a well-studied and well-cited economist. He lived between 1818 and 1883, but his ideas still exist in society today. In addition to being an economist, he was also a well-known philosopher and historian. He’s been a prominent voice in the debate against capitalism, writing the famous books The…

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International Trade

What is International Trade? International trade is an exchange involving a good or service conducted between at least two different countries. The exchanges can be imports or exports. An import refers to a good or service brought into the domestic country. An export refers to a good or service sold to a foreign country. International…

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Evergreen Funding

What is Evergreen Funding? Evergreen funding describes a type of business funding that is gradual and ongoing, as opposed to a one-time infusion of capital. The phrase originated in the United Kingdom. Evergreen funding is typically spoken of in relation to the funding a business receives from venture capital firms. Venture capital firms may provide…

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Evergreen Contract

What is an Evergreen Contract? An evergreen contract renews itself after the deadline or expiration date. It will continue to renew itself until both parties agree to terminate the notice. Evergreen contracts are used for the following: Rental leases Purchase contracts Service agreements Dividend reinvestment plans Guaranteed investment certificates Healthcare plans Magazines subscriptions Understanding Evergreen…

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Non-Exempt Employee

What is a Non-Exempt Employee? A non-exempt employee refers to a worker who is entitled to overtime pay of at least 1.5 times their regular pay rate, in accordance with the U.S. Fair Labor Standards Act. As opposed to exempt employees, non-exempt employees can be paid an hourly wage and must be paid at least…

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Distribution Waterfall

What is a Distribution Waterfall? A distribution waterfall is a popular term in equity investing that refers to the way in which capital gains of a fund are allocated between the participants in an investment, typically the limited partners (LPs) and the general partner (GP). The capital of limited partners is managed by the general…

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Merger vs. Acquisition

What is a Merger vs Acquisition? Mergers and acquisitions both refer to the joining of two or more business entities that entail a restructuring of their corporate order. They are aimed at achieving better synergies within the organization in order to increase their competence and efficiency. However, there are key differences between a merger vs….

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Durbin Watson Statistic

What is the Durbin Watson Statistic? The Durbin Watson statistic is a test statistic to detect autocorrelation in the residuals from a regression analysis. It is named after professor James Durbin, a British statistician and econometrician, and Geoffrey Stuart Watson, an Australian statistician. What is Autocorrelation? Serial correlation, also called autocorrelation, refers to the degree…

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Due to Account

What is Due to Account? Due to Account is an accounting term that denotes a liability account. It is the amount of funds due to another party and is found in the general ledger. The funds can be short term or long term, which means they due within one year or due at any point…

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Durable Goods Orders Report

What is the Durable Goods Orders Report? The durable goods orders report is a monthly report released by the U.S. government. The report encapsulates the sales of durable goods over the preceding month. It is keenly followed by financial analysts and economists as the purchases require large amounts of funds and are directly proportional to…

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