PRIVITY
A legal interpretation in contract law where contracts are only binding on the parties signing the contract. The idea is that, contracts are private agreements among the signatory parties which should have no bearing on others who are not involved in making the contract. While the doctrine makes sense in certain situations, over time it has proved to be problematic and numerous exceptions to the doctrine of privity are now well accepted.
POPULAR TERMS
Recompense
The act of giving a target person or entity some form of monetary benefit as a result of performing some action or some action happening to the tar ...
Health Plan Categories
Four types of health insurance plans that are differentiated based on the average percentage of health-care expenses that will be paid by the plan. ...
Intangible Drilling Costs - IDC
Expenses incurred in developing an oil or gas well for the factors that are not included in the final operating well. This encompasses all costs cr ...
Company Owned Life Insurance - COLI
Life insurance policy a company owned on the life of an employee with vital role on its operations. The firm pays the premium on the insurance but ...
Productivity
An economic measure of output per unit of input. Labor and capital are inputs, while output is usually measured in revenues and other GDP component ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Students, How Much Can You Afford to Borrow?
You are about to finish high school. The financial aid office of the university you are considering gave you a financial aid. You are also qualifie ...
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, ...
Buying a Home: Choosing the Best Location
The first consideration when buying a new house is choosing the place where you want to live, regardless if this will serve as an investment or upg ...
Digesting Financial Statements: Working Capital
Analysts and investors look at the working capital and its trends to measure a company’s financial performance. This metric determines a busi ...
Retirement Planning: Allocating Money for Retirement
In the previous tutorial, we outlined the significance of retirement. Now, let’s talk about the how in retirement planning.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 22:15 | RBNZ Governor Adrian Orr Speaks | ||
| 08:30 | Producer & Import Prices | Sep | |
| 11:00 | New Yuan Loans | Sep | |
| 15:00 | FOMC Member Neel Kashkari Speaks | ||
| 23:00 | FOMC Member Neel Kashkari Speaks | ||
| 06:30 | Industrial Production | Aug | |
| 08:00 | Claimant Count Change | Sep | |
| 08:00 | Claimant Count Rate | Aug | |
| 08:00 | Average Earnings Index | Aug |
