Category: Economics
A **Homeowners Association (HOA)** is a governing body in a residential community—be it a subdivision, planned community, or a condominium complex—that makes and enforces rules designed to maintain p...
Category: Economics
## What is Budget Variance? A budget variance is a financial metric that quantifies the difference between budgeted amounts and actual results within a specific accounting category. This metric is c...
Category: Economics
When a spouse passes away, the surviving partner faces not only emotional turmoil but also financial adjustments, including tax implications. One such provision aimed at easing this transition is the...
Category: Economics
## What Is a Simple Random Sample? A simple random sample (SRS) is a technique in statistics used to collect data in a way where each member of a population has an equal chance of being selected. Th...
Category: Economics
Monopolistic competition is an essential concept in economic theory that describes a market structure where many companies sell products that are similar but not identical. This type of competition h...
Category: Economics
A shareholder is an individual or entity that owns at least one share of a company's stock or a share of a mutual fund. This ownership represents a piece of the company's equity and comes with variou...
Category: Economics
A **volume discount** is a pricing strategy designed to incentivize buyers—both consumers and businesses—to make bulk purchases of goods or services. By encouraging the acquisition of larger quantiti...
Category: Economics
A callable bond, also referred to as a redeemable bond, is a type of debt security that allows the issuer to redeem the bond prior to its maturity date. This financial instrument provides the issuing...
Category: Economics
Savvy investors recognize that credit spreads may serve as one of the most telling indicators of the broader economy's health, providing insights that extend beyond the creditworthiness of individual...
Category: Economics
Futures Commission Merchants (FCMs) are pivotal players in the futures market, acting as intermediaries that facilitate customer participation in trading futures contracts. With a defined role and re...