What is an Emergency Fund? An emergency fund is spare cash that is used during personal financial distress. Events such as the loss of a job, an illness, or a recession are examples of when many individuals would need to use their emergency fund to continue to survive. Thus, the primary purpose of the fund…
What is Equitable Relief? Equitable relief, also referred to as an equitable remedy, is a type of court-ordered relief for an aggrieved party that is used when ordinary legal remedies – such as awarding damages – are considered inadequate justice for the suffering party. Equitable relief is a part of common law that…
What is an Estate? An estate refers to all of an individual’s assets, including: Land Real estate Financial securities Cash Art collections Entitlements Other assets that they owned It is essentially a way to refer to an individual’s entire net worth; hence, total assets subtracted by total liabilities. Understanding Estates The…
What are Degrees of Freedom? The term “degrees of freedom” (often abbreviated as “d.f.” or “df”) describes the freedom for values, or variables, to vary. Put differently, a lower degrees of freedom means that there are more constraints to the variables. History of Degrees of Freedom The conceptual application of the degrees of freedom was…
What is Deposit at Custodian? Deposit at custodian is an electronic method that involves the transfer of new shares or share certificates to and from the Depository Trust Company (DTC) through service at the distribution point called Fast Automated Securities Transfer (FAST). The deposit at custodian is one of the methods to transfer information between brokers/dealers,…
What is a Deed of Release? A deed of release refers to a legal document that eliminates a claim previously made on an asset. It helps with the documentation of release from a mandatory agreement. The deed may be included when a homeowner receives the title of a property from the lender upon satisfactory completion…
What is the S&P 500 Dividend Aristocrats? The S&P 500 Dividend Aristocrats, also known as the Dividend Aristocrats, is an exclusive index within the Standard and Poor’s 500 that was launched in 2005. It contains companies that increased their dividend payouts for over 25 consecutive years. It is a high-performance index and consists of approximately…
What is an Economist? An economist is a professional expert in the field of economics who studies the relationship between societies’ scarce resources and their output, production, and consumption. Economists Explained Economists are practitioners in the social science discipline of economics. Economics is the subject of studying the production, distribution, and consumption of goods and…
What are Capital Flows? Capital flows are transactions involving financial assets between international entities. Financial assets to be included can be bank deposits, loans, equity securities, debt securities, etc. Capital outflow generally results from economic uncertainty in a country, whereas large amounts of capital inflow indicate a growing economy. Two Major Types of Capital Flow…
What is an Exchange Rate? An exchange rate is the rate at which one currency can be exchanged for another between nations or economic zones. It is used to determine the value of various currencies in relation to each other and is important in determining trade and capital flow dynamics. Understanding Exchange Rates Exchange rates…
