What is a Structured Investment Vehicle? A structured investment vehicle (SIV) is a type of fund or investment pool that seeks to generate profit from credit spreads short-term liabilities or debts and long-term assets. Conduits is another name structured investment vehicles are called, SIVs purchase investment assets set up to profit from the diver...

What are the Rules for the Number of Jurors and Votes? The number of jurors and the number of juror votes required for a finding of guilt or civil liability vary depending upon the type of case (criminal or civil) and the court (state or federal). How many jurors are required in a criminal trial? The exact number varies under state and federal law. ...

What is the Clearing House Automated Payments System? Clearing House Automated Payments System (CHAPS) is a computerized system that is used for the settlement of sterling transactions. CHAPS facilitate same-day cheque clearance and funds transfer for sterling and Euro. CHAPS was established to foster trading of the European currency, it started ope...

What is Converting a business entity to an LLC? Converting from one business entity to another varies in complexity based upon the original type of entity.  The first step is forming a new LLC. Forming an LLC as a sole proprietorship is extremely simple.  Next, the assets of the sole proprietorship simply need to be transferred to the new LLC entity...

What are appellate court judges or justices? Appellate court judges serve as legal reviewers of trial court decisions. They determine whether the substance and procedure of the trial were Constitutionally adequate or sound. What are the duties of appellate court judges or justices? The duties of an appellate court judge are distinct from those of a ...

What is the Labor Management Reporting and Disclosure Act? The Labor Management Reporting and Disclosure Act of 1959 (LMRDA), also known as the Landrum-Griffin Act, was passed to provide greater protections to individual union members. What are the Protections of the the Labor Management Reporting and Disclosure Act? Section 101(a)(1) - This provisi...

What is a Media Kit? A media kit refers to a material or document containing the identity of a brand, its goals, mission and vision and other vital information given to reporters or media personnel. Media kits are often used for promotional purposes, they contain basic information about a company and what it stands for that can portray it in a good ...

What is a Capability index (Cp)? A process capability index (Cpk) is an arithmetic tool used for quantifying the proficiency of a process to produce products within the customer specification range. It values the producers ability to produce output within the acceptable customer range. Cpk is important in approximating the closeness between you and ...

What is Exogenous Growth? The Exogenous growth theory is an economic theory that states that economic growth occurs as a result of factors independent of the economy. This theory is one that maintains that economic growth is not affected by internal factors or influenced by the economy, rather by factors that are outside of the economy. The exogenou...

What are Ideation and Innovation? Ideation and innovation are two closely related, but distinct, concepts. Ideation springs from its route word, "idea". It involves the mental process of brainstorming concepts and theories. Innovation involves the process of turning those newly generated ideas into a manner of doing something new or doing something ...