What is Embezzlement? Embezzlement is the purposeful stealing, retention, or misuse of funds and/or assets entrusted to an employee by an employer or organization. In embezzlement, the embezzler obtains assets legally, but the assets are used for unintended purposes. Understanding Embezzlement Embezzlement occurs when a criminal takes or uses money from a company or an…
What is Noncallable? Noncallable, also called non-redeemable, refers to the type of securities that cannot be called (redeemed) by their issuer(s) before their maturities unless penalties are paid to security holders. Two common examples are noncallable bonds and noncallable preferred stocks. Most Treasury and municipal bonds are noncallable. Issuers of noncallable securities bear more risks…
What is a Roth IRA? A Roth IRA refers to a type of individual retirement account that a holder funds with no tax deduction and makes tax-free withdrawals while being retired. The IRA contains investments in bonds, stocks, certificates of deposit, and other securities. It was first proposed in 1989 by Oregon Senator Robert Packwood…
What is a Pension Fund? A pension fund is a fund that accumulates capital to be paid out as a pension for employees when they retire at the end of their careers. Pension funds typically aggregate large sums of money to be invested into the capital markets, such as stock and bond markets, to generate…
What is Power of Attorney? Power of Attorney, or POA, is a legal document giving an attorney-in-charge or legal agent the authority to act on behalf of the principal. The attorney in charge possesses broad or limited authority to act on behalf of the principal. The agent can make decisions regarding medical care, financial matters,…
What is a Venture Capital Trust (VCT)? A venture capital trust (VCT) is a tax-efficient investment vehicle that provides capital to small, growing businesses in the United Kingdom. A specialized investment manager manages the fund, and the investors are primarily individuals. Below is an overview of a typical venture capital trust structure: Venture Capital Trust…
What are Dependent Events vs Independent Events? In mathematics, specifically statistics, events are often classified as dependent or independent. As a basic rule of thumb, the existence or absence of an event can provide clues about other events. Read on to find out more about dependent events vs independent events. In general, an event is deemed…
What is A Theory of Justice? A Theory of Justice was published in 1971 by American moral and political philosopher John Rawls. It attempted to resolve the problem of distributive justice in society. Rawls was opposed to the traditional philosophical arguments on what constitutes a just institution and the justification for social actions and policies….
What is Tableau? Tableau is a data visualization and data interaction tool that is very popular within the consulting, professional services, and financial services industries. It is used to simplify or break down raw data and make it more interactive and visually understandable. Tableau is regarded as the most powerful and fastest business analysis tool…
What is Boosting? Boosting is an algorithm that helps in reducing variance and bias in a machine learning ensemble. The algorithm helps in the conversion of weak learners into strong learners by combining N number of learners. Boosting also can improve model predictions for learning algorithms. The weak learners are sequentially corrected by their predecessors,…
