LIBERTY DOLLAR
An alternative currency created to combat inflation. Made by Bernard von NotHaus in 1998, these were backed originally by silver; later on by gold, copper, and platinum. Through von NotHaus’ National Organization for the Repeal of the Federal Reserve Act and the Internal Revenue Code (NORFED), the silver liberty dollars were spawned in a private mint in Idaho. Unlike the official US currency, these are supposed to be an inflation proof because liberty dollars are made of precious metal. But because of the similarities (in appearance) between liberty dollars and US official coins, he was arrested in 2009 on charges of intent to defraud, and found guilty of conspiracy against the Fed government in March 2011.
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Target Return
Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 04:00 | Expected Annual Inflation 2y from now | 4 quarter | |
| 07:00 | Economy Watchers Survey | Oct | |
| 10:30 | New Yuan Loans | Oct | |
| 01:30 | Westpac Consumer Sentiment | Nov | |
| 01:50 | M2 Money Supply + CD | Oct | |
| 02:30 | NAB Business Confidence | Oct | |
| 08:00 | Prelim Machine Tool Orders | Oct | |
| 09:00 | CPI | Oct | |
| 09:00 | Harmonized CPI | Oct |
