Domestic Corporation
What is a Domestic Corporation? A domestic corporation refers to a company that is incorporated in and conducts business affairs in its own country. Domestic corporations are often compared with and contrasted to foreign corporations, which is particularly significant when considering corporate taxation rates. What is a Corporation? A corporation is an organization authorized by...
Dematerialization
What is Dematerialization? In finance, dematerialization refers to the transition from physical paper-based stock certificates to electronic bookkeeping. Historical Background on Stock Certificates and Dematerialization Paper stock certificates were popular in past centuries as a method of providing shareholders with tangible reminders of their ownership in companies, and as such, they were often ornately engraved...
Asian Development Bank (ADB)
What is the Asian Development Bank (ADB)? The Asian Development Bank (ADB) is a regional development bank headquartered in Manila, Philippines. The bank was set up in 1966 under the leadership of Japan as one of the first industrialized states in Asia. The ADB finances development projects in its member states across Asia. As of...
First World
What Does “First World” Mean? The modern definition of “first world” is used to classify countries that are highly industrialized and with advanced economies. First-world countries include the United States, Canada, Japan, and Western European countries. Historical Definition of “First World” The use of the term “first world” initially arose during the Cold War and...
Fed Balance Sheet
What is the Fed Balance Sheet? The Fed balance sheet refers to the balance sheet of the Federal Reserve, the central bank of the United States. The Fed’s balance sheet is basically just like any other balance sheet – or more precisely, like the balance sheet of any other bank – it is a list...
