TAX LOSS CARRYFORWARD
Negative profit in tax, which occurs when an individual or business’ expenses exceed their revenues. This is done by reducing the overall tax liability during the high-earning year by integrating the earlier loss to lower the taxable income.
POPULAR TERMS
Lobby
Act of attempting to exert an influence (i.e. lobbying); a group of like-minded people that attempts to influence an authoritative body in their fa ...
Douglas Amendment
Amendment to the Bank Holding Act of 1956, preventing banks from acquiring banks throughout various states. But a bank can seek exception to the ru ...
Lilly Ledbetter Fair Pay Act
A law signed by the US Congress, which restored worker protections against pay discrimination. Signed under the Obama administration on January 29, ...
Generation-Skipping Trust
Legally binding trust agreement passing the contributed assets to the grantor’s grandchildren, not his children, upon the grantor’s dea ...
Net Change
Net change is the difference between the closing price of a security on one trading day and the closing price of the previous day. It may either be ...
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SEE FOREX TUTORIAL
Defining Inflation
Inflation is the sustained increase in the overall level of products and services in an economy over a particular time period. Expressed as percent ...
Introduction to Banking
Banking is an integral part of any financial system. In order to keep your money safe and start building wealth, you need a place where your funds ...
Digesting Financial Statements: System
A financial statement serves as an avenue for assimilating the overall health of a business. Let’s illustrate the four key steps in a cash-ba ...
Income Sources for Creating Retirement Fund
We have already tackled the overview of retirement, its significance, and allocating money for it, the next we are about to discuss is looking for ...
Retirement Planning: Maximizing the Power of Compounding
“The early bird catches the worm.” – William Camden
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:30 | PMI Manufacturing | Dec | |
| 10:00 | KOF Economic Barometer | Dec | |
| 10:00 | CPI | Dec | |
| 16:45 | Chicago Purchasing Managers Index | Dec | |
| 17:00 | Pending Home Sales | Nov | |
| 03:30 | PMI Manufacturing | Dec | |
| 03:30 | Non-Manufacturing PMI | Dec | |
| 16:00 | House Price Index | Oct | |
| 03:45 | Markit Final Manufacturing PMI | Dec |
