What Is Common Area Maintenance? Common area maintenance (CAM) is the cost your business pays for the areas in a commercial building that are common to all tenants. Look at it this way: When you lease a commercial building, you are paying for two separate areas, the usable area and the common area. Usable Area Usable area is the space you are leasing, meaning the square footage in a building that you specifically use as a tenant....
Here are a few other names used for comprehensive coverage: Comp Other than Collision Storage Insurance Fire and Theft What Does Comprehensive Insurance Cover? Comprehensive car insurance only covers losses caused by events that do not occur from a normal collision with another vehicle or an object, like a fence or telephone pole. Although damages caused by hazards “other than collision” might seem broad, comprehensive coverage does have its limits....
For example, a startup may be able to operate on a shoestring during the research and development phase of developing its app. But once the app is ready for launch, the company will need advertising, tech support, customer service reps, and more. To raise funds for the launch, the company could take out a business loan, a form of debt financing. In this case, the company would have to provide collateral—something of value that could be repossessed by the bank if the company defaults on the loan—and start paying back the loan with interest almost immediately....
Three of the most popular financial statements are: Balance sheetsIncome statementsCash flow statements Those are the most commonly used financial reports, but there are others. Investors can use the reports that meet their needs. How Does Financial Statement Analysis Work? Investors who research companies use financial statements to understand the past and make informed decisions about investing in a company. By reviewing financial details, you can see how a company’s financial information has changed over time and how it compares to competitors in the same industry....
It includes sections A and B. Section A reports noncash contributions with values of at least $500, but not more than $5,000. It also reports contributions of publicly traded securities of any value. Section B is for contributions with values exceeding $5,000. The form applies to noncash gifts such as vehicles, real estate, and securities, as well as tangible items such as household goods and clothing when they’re given to qualified, charitable organizations....
If you have a defined contribution plan, like a 401(k), both you and your employer can contribute to your retirement account. However, the access you have to the funds in that retirement account varies by the type of vesting schedule your company institutes. You’ll always have 100% access to the money that you contributed while working there. The vesting schedule will only apply to the funds contributed by your employer....
The hawala system can be (and has been) utilized by criminal organizations to transfer funds in or out of a country with little notice by law enforcement. Because of this, Hawala money transfers are unregulated and while it’s legal in certain jurisdictions, it may be illegal in others. In India and Pakistan, for example, using systems of trade like hawala is deemed illegal. Hawala is not the only alternative money remittance system in existence....
You may need to purchase a scheduled personal property endorsement if the value of your personal items exceeds the limit on your personal property insurance policy. Learn more about scheduled personal property, how it works, the pros and cons, and how to get coverage. Definition and Examples of Scheduled Personal Property Scheduled personal property is an endorsement you add to your homeowners insurance to provide extra coverage for your valuables....
Alternate names: government debt, national debt, public debt Foreign creditors are typically foreign governments that hold a portion of a country’s debt. State and local governments, or citizens who have bought government bonds, are examples of domestic creditors. These debts are often a mix of bonds, notes, and bills with varying maturity dates. How Sovereign Debt Works Governments buy and sell goods and services, distribute payments, and assess taxes in order to meet their obligations, bring in revenue, and control the economy....
How the Interest-Only Period Works If you are able to make a large down payment toward your loan and have good credit and a decent income, your lender may offer you an I-O option. They have to see you as a good candidate to repay the loan months or years down the road, so they won’t offer this option to just anyone. Types of Loans With I-O Periods I-O periods can be found in fixed-rate mortgages and adjustable-rate mortgages (ARMs)....
This relationship holds true as long as “all other things remain equal.” That part is so important that economists use a Latin term to describe it: ceteris paribus. The law of demand can help us understand why things are priced the way they are. For example, retailers use the law of demand every time they offer a sale. In the short term, all other things are equal. Sales are very successful in driving demand....
Alternate names: Prudent person rule For example, a mutual fund manager is required to adhere to the prudent investor rule. When investors buy into the fund, the manager inherits a fiduciary responsibility to make decisions for the fund based on the fund’s strategy. Fund managers must also ensure that they do their utmost to protect investors’ assets and grow the fund’s value with educated and reasonable investment choices. Although it isn’t always possible to keep investments from losing value, the fund managers must do their best to mitigate losses....
Some smaller requirements were put into place more immediately. For example, you’ll hear a recording that addresses identity theft and tax scams when you call the IRS and you’re placed on hold. It should offer options to those who know or suspect they have been victims of these crimes. And remember how frustrating it used to be to try to pay your taxes with a credit or debit card? You had to go through an approved third party who would then transmit the payment to the IRS....
For example, in West Virginia, wage assignments are only valid for one year and must be renewed annually. Creditors can only deduct up to 25% of an employee’s take-home pay, and the remaining 75% is exempt, including for an employee’s final paycheck. How Wage Assignment Works If you agree to a wage assignment, that means you voluntarily agree to have money taken out of your paycheck each month to repay a debt....
For example, the annual year-to-date return of a stock may be measured as the total return it has earned since Jan. 1. Assume that a hypothetical stock has a price of $18.50 on Nov. 12. Further assume it opened the year at $15 per share on Jan. 1, and for simplicity, let’s assume that it has not paid a dividend. That’s a $3.50 increase on the $15 price as of the first day you measure....
Nearly 14% of Americans say they wiped out their emergency savings as a result of the coronavirus pandemic, according to a survey conducted by CNBC and the fintech investing platform Acorns. If your emergency savings are running low because of an extended drop in income, pandemic-related or otherwise, you may be wondering what to do next. Evaluate What You Have The first step in managing a cash crunch is knowing what resources you have to work with and what expenses are reducing those....
For example, if the U.S. were to trade with one of the other members of the GATT, it would eliminate any tariffs that normally would have been imposed prior to the formation of the trade agreement. Acronym: GATT How the GATT Worked The purpose of the GATT was to eliminate harmful trade protectionism, which likely contributed to the 66% reduction of global trade during the Great Depression. The GATT helped restore economic health to the world after the devastation of the Depression and World War II....
You don’t need a bank account to get the card or to access your funds, which makes it a good choice if you’re not a bank customer. Having a Direct Express card also eliminates expensive check-cashing fees. You can use the card anywhere that accepts MasterCard debit cards. Who Is Eligible for the Social Security Debit Card? Anyone who receives Social Security or Supplemental Security Income benefits is eligible to use this card....
Structured like a traditional installment loan, but with faster approval, point-of-sale loans often charge less interest than a credit card and may be more flexible than a personal loan. Point-of-sale installment loans allow you to borrow small amounts from lenders like Affirm to buy from partner stores like Adidas, or sign up for an interest-free, buy-now-pay-later offer from Afterpay to finance a shirt from Urban Outfitters. While point-of-sale installment loans may sound enticing since you’ll have more time to pay for your online purchases, they may not be right for everyone....
Two Types of National Debt The U.S. national debt reached the debt ceiling of $31.41 trillion in January 2023. The U.S. Treasury manages the U.S. national debt through its Bureau of Public Debt. The bureau classifies that amount into two broad types: intragovernmental holdings and debt held by the public. Intragovernmental Debt The Treasury owes this part of the debt to other federal agencies. Intragovernmental holdings totaled more than $6.89 trillion in January 2023....
