What is Electronic Retailing (E-tailing)? Electronic retailing (e-tailing) is an internet-based sales platform where consumers are able to buy and sell goods online directly from a business without physically inspecting the goods. When retailing is done completely online, organizations are faced with a plethora of different challenges and difficulties when constructing their business model. When…
What is an Enrolled Agent (EA)? An enrolled agent (or EA) is a federally authorized tax specialist that operates to provide advisory services to American taxpayers about matters concerning the Internal Revenue Service (IRS). Achieving “EA” status is considered the highest credential awarded by the IRS and is legally recognized throughout all 50 U.S states….
What are Candlestick Patterns? Candlestick patterns are a financial technical analysis tool that depicts daily price movement information that is shown graphically on a candlestick chart. A candlestick chart is a type of financial chart that shows the price movement of derivatives, securities, and currencies, presenting them as patterns. Candlestick patterns typically represent one whole…
What is Implied Authority? Implied authority is a legal term that is used in contract law and refers to the ability an individual has to make a legally binding contract on behalf of another person or organization. Implied authority is not written on paper; rather, an agent is assumed to possess authority in order to…
What is the Interbank Rate? The interbank rate or interbank exchange rate is a financial concept used to express foreign exchange rates, which are paid by banks when they conduct currency trading with other banks. Interbank, or “between banks,” is when a bank pursues business with another bank. Somewhat similar to the stock market, interbank…
What is Called Away? Called away is an investment term used to describe an event where a monetary contract is terminated when a delivery obligation or redemption is completed. The delivery obligation refers to the distribution of an underlying asset – such as a bond – to the other party in the monetary contract. In…
What is an L-Shaped Recovery? An L-shaped recovery occurs when an economy enters into a severe recession, with high levels of unemployment and close to zero economic growth. When seen on a line chart, the recovery looks like the letter “L.” During an L-shaped recovery, there is a sharp decline in economic growth led by…
What is a K-Shaped Recovery? A K-shaped recovery divides an economy into two, with divisions based on wealth, geographic, and industrial characteristics. It is called the K-shaped recovery, because at its most basic, one portion of the economy is bouncing back and increasing in value, and the other continues to suffer the effects of the…
What is a W-Shaped Recovery? A W-shaped recovery is a form of economic recovery where the economy cycles in and out of recessionary periods. The up and down recovery pattern is graphically represented by changes in certain economic indicators like industrial output, Gross Domestic Product (GDP), employment, etc. The W-shaped recovery is characterized by a…
