Category: Economics
Modified cash basis is an innovative accounting method that consolidates aspects of both cash and accrual bookkeeping practices. This hybrid approach aims to offer the benefits of both systems—accoun...
Category: Economics
Return on Capital Employed (ROCE) is an essential financial metric that assists in evaluating the profitability and efficiency of capital utilization within a company. This ratio is crucial for finan...
Category: Economics
Business assets are fundamental to the functionality and financial health of any organization. These valuable items owned by a company can play a significant role in operations, financial reporting, ...
Category: Economics
## Introduction to Fitch Ratings Fitch Ratings is a leading global credit rating agency that evaluates the creditworthiness of various debt instruments, including bonds issued by corporations, local...
Category: Economics
## What is a Z-Bond? A **Z-bond**, also referred to as an **accrual bond**, is a unique type of financial instrument primarily associated with **mortgage-backed securities (MBS)**. These bonds repre...
Category: Economics
## What Is a Welfare State? The **welfare state** is a model of governance characterized by a significant role of the government in ensuring the economic and social well-being of its citizens. Relyi...
Category: Economics
Negative arbitrage is an important concept in finance, especially in the context of bond issuance and refinancing. It represents the lost opportunity when bond issuers take proceeds from debt offerin...
Category: Economics
Unrelated business taxable income (UBTI) constitutes earnings from a trade or business activities that are not directly tied to the tax-exempt purpose of an organization recognized under IRS rules. I...
Category: Economics
## What Is a Bank Account Number? A bank account number is a unique sequence of numbers, and sometimes letters and other characters, that identifies a specific bank account. This identifier is vital...
Category: Economics
Letters of credit (LCs) play a pivotal role in facilitating transactions in international trade. This financial instrument acts as a secure promise from a bank to pay the seller upon compliance with ...