What are Python Data Structures (Lists, Sets, and Tuples)? The basic Python data structures in Python include list, set, tuples, and dictionary. Each of the data structures is unique in its own way. Data structures are “containers” that organize and group data according to type. The data structures differ based on mutability and order. Mutability…
What is a Ridge? Ridge regression is the method used for the analysis of multicollinearity in multiple regression data. It is most suitable when a data set contains a higher number of predictor variables than the number of observations. The second-best scenario is when multicollinearity is experienced in a set. Multicollinearity happens when predictor variables…
What is a 401(k) Plan? A 401(k) plan is a United States retirement and savings plan that enables employees to contribute a portion of their salary or paycheck to a retirement fund that can be accessed if certain conditions are met. The contributions are made on a pre-tax basis, thereby reducing the employee’s taxable income….
What is a Named Beneficiary? A named beneficiary is an individual – named in a legal document – who is permitted to collect assets from: IRAs Insurance policies Pension plans Trusts When it comes to instruments such as annuity policies, the holder and the beneficiary may be the same individual. In the event that several…
What is a VSAT? A VSAT (Very Small Aperture Terminal), also known as a micro-terminal, refers to a wide range of remote terminals that are small in size but which nevertheless allow access to a larger data network. A VSAT allows users to access and manage data in real time and comes with many applications…
What is a Void Contract? A void contract is a contract that isn’t legally enforceable, starting from the time it was created. While both a void and voidable contract are null, a void contract cannot be ratified. In a legal sense, a void contract is treated as if it was never created and becomes unenforceable…
What is an Asset Swap? An asset swap is a derivative contract between two parties that swaps fixed and floating assets. The transactions are done over-the-counter based on the amount and terms agreed upon by both sides of the transaction. How an Asset Swap Works Suppose a buyer wants to purchase a corporate bond but…
What is Asset Financing? Asset financing is a type of borrowing related to the assets of a company. In asset financing, the company uses its existing inventory, accounts receivable, or short-term investments to secure short-term financing. There are two ways to finance assets: The first involves companies using financing to secure the use of assets,…
What is Net Operating Loss (NOL)? A net operating loss (NOL) for income tax purposes is when a company’s allowable deductions exceed the taxable income in a tax period. When a company’s deductibles are greater than its actual income, the Internal Revenue Service (IRS) allows the company to use the loss to reduce previous years’…
