What information is required in a financing statement filing? Generally, to perfect a security interest, a secured party may file a security agreement in the appropriate government office.  9-310(a). To be enforceable under the UCC 9-502(a), a financing statement must contain the following information: Relevant Law: 9-520(a) requires that a financin...

How does Cultural Diversity Affect Communications? Diversity can be a challenge or strategic force that influences communication. What are the different types of diversity challenge? Procedural - Diversity can often be a source of obstacle or differences as far as the process of communication is concerned. Cultural Differences - Diversity can result...

What is Regulation P? Regulation P is an administrative regulation promulgated by the US Federal Reserve Bank in 1999. The purpose of the regulation is to establish rules for the disclosure of consumer private personal information by member banks. The safeguards include: Providing customers notice of privacy practices, and The ability to prevent the...

What is an Activity Quota? This refers to a minimum level of sales set by an organization where every salesperson is supposed to meet within a specified period of time. In other words, it is a method used to measure the sales employees performance. This is usually in relation to employees selling activities. The activities may include things such as...

What are the Common Defenses to Negligence Actions? Jurisdictions commonly recognize three principal defenses to negligence actions. Contributory Negligence Comparative Negligence Assumption of the Risk What is Contributory Negligence? This doctrine bars a plaintiff's recovery in a negligence action if her own fault contributed to the injury in any ...

What is the Chamber of Commerce? Chamber of Commerce refers to an institution or an association of business personnel or individuals established for the protection of the interest of its members. Also referred to as a board of trade, a chamber of commerce consists of a group or set of businesspeople or owners that share a common interest or locality...

What Does Underwater Mean? Underwater is a term that refers to a situation in which the present value of an asset is less than its face or nominal value. When the market value of an asset is less than the original amount that the owner paid for it, such as asset has gone underwater. Underwater is a term that can be used in many fields, such as mortg...

What is a Default? A "default" refers to the non-payment or non-remittance of loan or debt that is formally agreed on. It is the failure of a party to repay the principal or interest payments on a loan or security which was formerly agreed upon in the loan contract. Different situations in a loan arrangement can be tagged as default. For instance, f...

What is a Current Account?  Current account refers to the summary of all transactions (including imports and exports) involving goods and services which are related to income generation. The balance of trade or the current account balance which includes other international flows of income and foreign aid. The four components of the current account b...

What is Market Segmentation Theory? The market segmentation theory is the assumption that both short-term and long-term interest rates have no correlation whatsoever. In addition, the theory states that the interest rates for each different maturity segment vary. Note that this depends on demand and supply as well as demand and risk related to secur...