What Does Altcoin Mean? Altcoin originally refers to all digital cryptocurrency launched following the success of Bitcoin; hence the name, which means “alternative to Bitcoin”. However, more recently, the term Altcoin has increasingly been used to classify another other than Bitcoin and Ethereum. Nowadays, there are thousands of Altcoins with new projects being launched daily….
What is Money Laundering? Money laundering is a process that criminals use in an attempt to hide the illegal source of their income. By passing money through complex transfers and transactions, or through a series of businesses, the money is “cleaned” of its illegitimate origin and made to appear as legitimate business profits. The Need…
What is Mothballing? As it relates to business, mothballing is the practice of taking certain assets, equipment, and/or production facilities out of operation. The equipment and facilities should still be effective operationally, meaning they aren’t being deactivated or taken out of use because they no longer function properly. The primary purpose of mothballing is preservation…
What is a Variable-Rate Certificate of Deposit? A variable-rate certificate of deposit (CD) is a financial product that is offered by commercial bank institutions and credit unions that allows customers to deposit and save their money for a fixed period of time with varying interest rates. How Variable-Rate CDs Work Variable-rate certificates of…
What is a Non-Traded REIT? A non-traded REIT refers to a real estate investment trust (REIT) that is not listed and traded on a public exchange. Non-traded REITs allow investors to access diversified real estate investments with little capital requirements and added taxation benefits. Real Estate Investment Trust (REIT) Explained A real estate investment trust…
What is a Money Market Account (MMA)? A money market account (MMA) is a type of savings account that features the traits of a checking account – namely, it comes with checks and/or a debit card and the ability to complete a few transactions monthly without incurring bank fees. The Federal Reserve, however, still classifies…
What are Net Sales? Net sales are the total revenue generated by a company, excluding any sales returns, allowances, and discounts. It is a very important figure and is used by analysts when making decisions about the business or analyzing a company’s top line growth. The formula for net sales is demonstrated in the image…
What is Net Volume? Net volume is used to indicate the difference between a security’s uptick volume and downtick volume. Uptick volume is the volume of a company’s shares that are traded when the stock price is rising. Similarly, downtick volume is the volume of shares that are traded when the stock price is falling….
What is a Virtual Team? A virtual team, also known as a geographically dispersed team or a remote team, is a group of people who interact through electronic communications. Members of a virtual team are usually located in different geographical regions. Since communication is not in-person, trust and good communication are crucial to the success…
