Catastrophe Futures

What is ‘Catastrophe Futures’ Catastrophe futures are futures contracts traded on the Chicago Board of Trade (CBOT). These futures contracts are used by insurance companies to protect themselves against future […]

Business Auto Coverage Form

What is ‘Business Auto Coverage Form’ The business auto coverage form is an insurance form that insurers provide to business owners when creating a contract to provide insurance coverage for […]

Accelerated Option

What is ‘Accelerated Option’ An accelerated option in an insurance contract, usually in the form of a rider, allows for accelerated benefits or partial benefits sooner than they would otherwise be payable. […]

Adoption Credit

What is an ‘Adoption Credit’ An adoption credit is a federal tax credit that may be claimed by federal taxpayers who incur qualifying expenses to adopt an eligible child. Qualifying […]

Carbon Black: Waiting For The Pop

This year’s crop of IPOs have been split into two groups: the haves and the have-nots. On one hand, investor enthusiasm for overhyped companies like DocuSign (DOCU) has taken it […]

Stitch Fix: Risen From The Ashes

Stitch Fix (SFIX), the clothing e-commerce company that doubles as a digital personal stylist and went public last November at $15 per share, is a perfect example of how going […]

Busy Week Ahead

The week ahead is eventful. The Federal Reserve, the European Central Bank, and the Bank of Japan hold policy meetings. This would make for a busy week by themselves, but […]

Pledging Requirement

DEFINITION of ‘Pledging Requirement’ Pledging Requirement is any legal or bureaucratic requirement that securities be pledged as collateral for public fund deposits or other specific deposits. These securities must be […]

Water Quality Improvement Act Of 1970

DEFINITION of ‘Water Quality Improvement Act Of 1970 ‘ Water Quality Improvement Act Of 1970 is legislation that expanded the federal government’s authority over water quality standards and water polluters. […]

The Federal Reserve: Banker To The World

Like it or not, the Federal Reserve System in the United States is, more or less, a central banker to the world. This is most obvious in times of financial […]

McFadden Act

DEFINITION of ‘McFadden Act’ The McFadden Act is Federal legislation that gave individual states the authority to govern bank branches located within the state. This includes branches of national banks […]

Underemployment Equilibrium

DEFINITION of ‘Underemployment Equilibrium’ Underemployment Equilibrium is a condition where underemployment in an economy is persistently above the norm and has entered an equilibrium state. This, in turn, is a […]