Financial Derivatives: Definition, Types, Risks
A derivative is an investment contract that gets its value from the underlying asset. The buyer agrees that he…
What is Escheatment and Why?
DEFINITION Escheatment is when money in an account appears to be abandoned after a certain time period. The financial…
What Causes Underemployment and How Does It Affect You?
When workers are not able to use their full skills, education or availability, they experience underemployment. According to Organization for…
What is long-term unemployment?
It is important to understand the statistics and the causes and consequences of long-term unemployed. The Numbers In…
You can pay with your mobile phone
Are you carrying your phone more than a wallet or purse with you? Then paying with your phone could…
What is the FDIC?
Federal Deposit Insurance Corporation is an independent U.S. government agency that was created to protect the financial system…
Is paypal safe?
PayPal is one of the most popular tools for receiving and sending money online. Although it has been around…
Escrow accounts come in different types.
It’s frightening to think that buyers and sellers are often forced to work together on the basis of…
The Causes and Effects of Cyclical Unemployment
High unemployment rates are mainly caused by cyclical unemployment. This is caused by a decline in the cycle of business. This…
What Is Escrow?
DEFINITION A Escrow agreement is a financial arrangement in which a third-party controls the money and assets of two parties…