LIVING WILL
A legal document that specifies what an individual (principal) does or does not want should he or she becomes terminally ill or incapable of communicating his or her wishes. This document is written while the principal or testator is alive. It usually sets out the principal’s wishes on the medical care and degree of medical intervention. Most states in the US will accept living wills although these are considered insufficient in some cases.
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GMD
ISO 4217 abbreviation for Gambian dalasi, official currency of Gambia. Introduced in 1971, it replaced the former national currency, the Gambian po ...
Breakeven Tax Rate
Tax rate that is neither profitable nor unprofitable for an individual, company, or institution to engage in a certain transaction. It refers to a ...
Beating The Gun
An informal and casual phrase used when an investor buys or sells a security at an advantageous amount by conducting a trade ahead of the market&rs ...
Consumer Debt
Debt incurred for purchasing consumable goods or products that do not appreciate. Normally, an individual gain no benefit from possessing high leve ...
American Recovery and Reinvestment Act
It is an act that was signed in February 2009 by US President Barack Obama. This act was initiated to respond to the country’s weak economic ...
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Digesting Financial Statements: Cash Flow
Companies generate money from borrowers and/or borrow money from creditors. Next, firms purchase assets and/or finance projects and programs. Then, ...
Connection of Inflation and Interest Rates
We cannot simply ignore the connectivity of inflation and interest rates. Both items are interrelated. So, whenever there is a news item about a co ...
Starting Your Own Small Business: Choosing What You Want to Sell
Some people say that the only real way to get rich is by starting your own business. However, this is untrue; there are a lot of reasons to start y ...
A Guide to Your Personal Income Tax: Basics
For many filing your personal income tax is one of the most frustrating things to do. However, by planning ahead and pacing yourself, doing your ta ...
A Guide to Your Personal Income Tax: Common Filing Mistakes
Failure to file the return on time is the most common mistake committed by taxpayers. Here are some of the other mistakes, which can cost you a lot ...
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