What is an Education IRA? An education IRA is an individual savings account used for education expenses and offers tax advantages. It was first implemented into law in the United States in 1997 through the Taxpayer Relief Act and is governed by Section 530 of the Internal Revenue Service (IRS) Code. In 2002, education IRAs…
What is EdTech? EdTech is short for “education technology.” It uses computers, computer programs, and educational systems to provide learning and training to students and employees. The broad field of EdTech encompasses not only the hardware and software programs used in what is commonly known as “remote learning,” “distance learning,” or “online education,”…
What is Equilibrium Quantity? Equilibrium quantity refers to the quantity of a good supplied in the marketplace when the quantity supplied by sellers exactly matches the quantity demanded by buyers. It is a concept within the subject area of market balance or market equilibrium and is related to the concept of equilibrium price. The concepts…
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…
