TRAVEL EXPENSES
Expenditures incurred by an employee while traveling on company business. These expenses can be subtracted by employees as non-reimbursed travel costs incurred while conducting business-related activities such as a conference or meeting. Extravagant or lavish travel expenses, or those used for personal purposes are excluded from computing travel expenses. The Internal Revenue Service considers individuals to be traveling away from their home if their job requires them to go away from their tax home or the area where their main business is situated for a period longer than a normal working day.
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MSCI BRIC Index
An index which measures the equity market performance of the emerging market indexes of Brazil, China, India, and Russia. One of MSCI's Regiona ...
Stock Market Crash
Rapid and precipitous decline in stock prices or economic conditions, which can be the result of collapse of long-term speculative bubble, economic ...
Overhead Ratio
A comparison of operating expenses and total income that is not directly related to the production of a good or service. A firm's operating exp ...
European Financial Stablisation Mechanism - EFSM
Permanent fund created to provide financial assistance to EU member states in times of financial difficulties. In essence, it generates money throu ...
Alston D. Correll
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