Learn more about coinsurance options. What Is Coinsurance? Many commercial property policies contain a coinsurance clause. This clause imposes a penalty when a policyholder suffers a loss and has failed to purchase an adequate insurance amount. In property insurance, coinsurance is based on the concept of insurance to value, meaning the ratio of your insurance limit to the value of your insured property. This means that you must purchase a policy limit that meets or exceeds the coinsurance percentage....

U.S. Bank vs. Chase Free Checking Accounts Two of the largest banks that offer free checking accounts are Chase Bank and U.S. Bank. However, be aware that the U.S. Bank free checking accounts and checking accounts at Chase usually just exclude maintenance fees. You may also need to meet certain conditions for these maintenance fees to be excluded. Outside of maintenance fees, other fees can apply as well, so it’s a good idea to read the fee schedule of all of these accounts carefully....

GDP Formula The formula to calculate the components of GDP is Y = C + I + G + NX. That stands for: GDP = Consumption + Investment + Government + Net Exports, which are imports minus exports. In 2019, U.S. GDP was 70% personal consumption, 18% business investment, 17% government spending, and negative 5% net exports. Here’s how the Bureau of Economic Analysis divides U.S. GDP into the four components....

Why Transfer a Credit Card Balance? A credit card balance transfer allows you to move one card balance to another, less expensive credit card. The process is simple. When you apply, you also enter the details of the balance you want to transfer, including the account number and transfer amount. Balance Transfer Card Fees & Features Virtually all cards that offer balance transfers require that you pay a balance transfer fee, and most offer promotional zero or low-interest periods of various lengths, and these can be fairly similar....

Small business owners should keep an eye on this ratio for their own company, and investors may find it useful to compare the current ratios of companies when considering which stocks to buy. What Is the Current Ratio? The current ratio, which is also called the working capital ratio, compares the assets a company can convert into cash within a year with the liabilities it must pay off within a year....

Dealing With Bills and Mortgages Before Probate Make a complete list of the decedent’s liabilities, even before the probate estate is opened. It will help streamline the probate process later. Bills and statements you should look for include: Mortgages Lines of credit Condominium Fees Property taxes Federal and state income taxes Car and boat loans Personal loans, including student loans Storage fees Loans against life insurance policies Loans against retirement accounts Credit card bills Utility bills Cell phone bills...

What the Symbols Mean When your business is insured under a business auto policy, one or more covered auto symbols should be listed in the declarations next to each coverage you’ve purchased. The numbers indicate which autos are “covered autos” for that coverage. The covered auto designation symbols include the numbers 1 through 9 and 19. Their meanings are explained on page 1 of the BACF. Symbol 1 Of the 10 available symbols, symbol 1 affords the broadest coverage....

The most common derivatives found in exchange-traded funds are futures, which are used particularly often in commodity ETFs so that actual physical commodities don’t have to be taken possession of and stored. But ETFs also use forwards, swaps, and options (calls and puts). Futures Contracts A futures contract is an agreement between a buyer and a seller to trade a certain asset on a date that’s predetermined by those involved in the transaction....

Interest is charged on credit card balances that aren’t paid in full by the due date. Your credit card issuer won’t stop you from closing your credit card while it still has a balance, but closing the account doesn’t relieve you of interest payments. Once you close an account, you’ll continue to be charged regular interest until you’ve reached a zero balance. What Closing a Credit Card Really Means Even though you’ve closed your credit card, your credit card agreement is still in effect....

These examples of each part of a resume offer tips for what to include, advice on how to format them, and samples of resumes you can use to get started writing your own. When you are creating this section of your resume, your name should stand out, so make it bold and a larger font than the rest of your contact information. Leave a space or put a horizontal line between the end of the contact section and the next section of your resume....

In remarks delivered virtually, Powell reiterated that the Fed remains committed to supporting the economy “for as long as is needed to achieve a full recovery” after COVID-19-related lockdowns plunged the economy into recession last year. But he also acknowledged “the pace of the recovery has exceeded expectations,” with the economy now meeting the Fed’s test of “substantial further progress” toward its 2% average inflation goal over the long term, and “clear progress” toward maximum employment....

Tapering can impact debt markets and can have a ripple effect on U.S. and emerging market stocks. However, the extent of that impact can vary depending on whether the markets are expecting the taper or if it comes as a surprise. How Does Tapering Work? To understand how tapering works requires a deeper understanding of quantitative easing. When central banks keep short-term interest rates low, it encourages individual borrowers and businesses to take out loans....

What Does the FOMC Do at These Meetings? At four of its eight meetings, the FOMC issues economic forecasts. The FOMC conducts and implements monetary policy for the Federal Reserve System, the U.S. central bank. It has an overarching mandate of promoting maximum employment and stable prices. The FOMC influences interest rates when it changes the FFR range. This is one of the most important leading indicators. It can indicate which way the economy is likely to go....

You also need to be able to read your financial statements in order to be able to keep track, on an ongoing basis, what is happening financially with your company. It is likely that you will use some sort of spreadsheet program to keep track of your income and expenses. This allows you to give your accountant a comprehensive source of income and expenses. Your spreadsheet program may generate financial statements for you....

You might be able to take advantage of these benefits if you meet first-time homebuyer qualifications. The good news is qualifying as a first-time buyer may be easier than you think–even if this isn’t your first home purchase. HUD Qualifications for First-Time Homebuyers The Department of Housing and Urban Development (HUD) doesn’t make loans to homebuyers directly. Instead, HUD insures and guarantees loans made through these programs: Federal Housing Administration (FHA) loansGood Neighbor Next DoorHelping Public Housing Residents Buy HomesSection 184 Indian Home Loan Guarantee...

A change in your fixed or variable costs affects your net income. It also affects your company’s breakeven point. What Are Fixed Costs? Fixed costs are the costs associated with your business’s products or services that must be paid regardless of the volume you sell. One example of a fixed cost is overhead. Overhead may include rent for the space your company occupies, such as your office space or your factory space....

Learn more about Form 990-N, who should file it, and where you can find it. What Is Form 990-N? Form 990-N is a tax form used by nonprofits with annual revenue of less than $50,000. There were concerns that small nonprofits were operating under the radar. Since they did not have to file anything if their income was below the threshold, the government did not know if they had changed their address, their purpose, or even if they were still in business....

Regular COVID-19 testing can be expensive. Home tests can range from $7 to $38.99 per test, and aren’t always covered by insurance, according to a recent analysis by the Kaiser Family Foundation. That means twice-a-week testing for a consumer would cost $728 a year, at least. Regular testing with more expensive options could cost someone up to $4,000 a year, the foundation estimated. Typical costs for a family with two school-age children could be around $500 per month, Kaiser Health News reported in September....

A resume template provides you with a layout for your resume. That way, you don’t have to design the document from scratch. A template starts the process for you by laying out certain basic sections hiring managers expect to see, such as name and contact information. A resume outline can come in handy as well to get you started. Once you have the requirements covered, it’s much easier to customize your resume and make your achievements shine....

TradingView Provides Quick Research TradingView.com is a site providing real-time prices on stocks, electronically traded funds (ETF), and foreign exchange (forex) pairs. It also provides delayed data on futures markets (most futures trade via contract for difference (CFD), and CFD data is real-time). If you are new to trading and want to practice watching the market in real-time, this site allows you to do so. If you’re an experienced trader, it’s a quick and easy site to pull up to do some research, as it works well while when you’re on the road or not near your normal trading terminal....