What is EFTPS®? EFTPS® stands for the Electronic Federal Tax Payment System, which is an online tax payment system operated by the Internal Revenue Service (IRS) in the United States. The website enables both businesses and individuals to make tax payments directly from their bank accounts using a secure payment system. Learn more about EFTPS®…
What are War Bonds? War Bonds are debt instruments (bonds) that are issued by governments to finance military operations and production in wartime. War bonds tend to appeal to the sense of patriotism in individuals, who even see their purchase as a civic duty. Whilst there have been a variety of different structures for war…
What is the Sarbanes-Oxley Act? The Sarbanes-Oxley Act (or SOX Act) is a U.S. federal law that aims to protect investors by making corporate disclosures more reliable and accurate. The Act was spurred by major accounting scandals, such as Enron and WorldCom (today called MCI Inc.), that tricked investors and inflated stock prices. Spearheaded by…
What is a Self-Fulfilling Prophecy? A self-fulfilling prophecy is an expectation – positive or negative – about something or someone that can affect a person’s behavior in a way that leads those expectations to become a reality. For example, if investors think the stock market will crash, they will buy fewer stocks, prices will start…
What is the Asia-Pacific Economic Cooperation (APEC)? The Asia-Pacific Economic Cooperation (APEC) is an economic group, currently with 21 members, that promotes and facilitates trade, economic growth, and the improvement of living standards for the Asia-Pacific region. With a growing interdependence of the region, APEC was established in 1989 as a way to leverage the…
What is a Nominated Advisor (NOMAD)? A Nominated Advisor (NOMAD) refers to a financial services firm that a company utilizes to be placed on the London Stock Exchange’s Alternative Investment Market (AIM). To be listed on the AIM, it is a requirement to employ a NOMAD that is pre-approved by the London Stock Exchange (LSE)….
What is Non-Sampling Error? Non-sampling error refers to an error that arises from the result of data collection, which causes the data to differ from the true values. It is different from sampling error, which is any difference between the sample values and the universal values that may result from a limited sampling size. Non-sampling…
What are Solar Energy ETFs? Solar energy ETFs are exchange-traded funds that provide investors access to investments in the solar power industry. As of May 2020, there is only one ETF strictly devoted to solar energy – the Invesco Solar ETF (TAN). However, solar energy equities are part of the holdings of several renewable energy,…
What is a Whistleblower Policy? A whistleblower policy is now considered a very critical part of almost all organizations, as a result of legal issues. Whistleblowers almost always become victims of their actions, so some countries such as the US are seeing the need to increase legal protection for them. Read on to find out…
