What is the Equation of Exchange? The equation of exchange refers to an economic equation that establishes the link or relationship between velocity of money, money supply, index of expenditures, and the average price level. John Stuart Mill came up with this equation that was inspired from David Humes thoughts. The equation of exchange is: M*v = P*...

What is Community Property and Separate Property? This property designation further concerns the ownership of real property by legally married couples. It applies to real and personal property. As explained above, ownership of property as tenants by the entirety would control with regard to real property. Generally, property held by a married couple...

What is Cap and Trade or Emissions Trading? Emissions trading is also known as allowance trading, or cap and trade refer to the approach that is used to reduce pollution and has been confirmed to protect the environment and human health successfully. An emission trading system (SCE) refers to an instrument of the market the developed to minimize the...

What is Islamic Banking? Islamic Banking refers to a system of financial management that is guided by the principles of Islamic rules. Banking in Islam is a framework of saving money governed by Islamic law standards, also known as the Sharia law. The two fundamental concepts of Islamic banking is the prohibition of interest (riba) collection and pa...

What is the Jackson Hole Economic Symposium? The Jackson Hole Economic Symposium is an annual symposium that allows an open discussion of economic issues, stock and currency issues facing the economies of the world. It is a prominent conference that witnesses the attendance of bankers, academics, finance ministers, among other prominent participants...

What is a Banker's Blanket Bond? Banker's blanket bond (BBB) refers to a fidelity bond bought from an insurance broker which safeguards a bank from losses from a wide range of criminal acts executed by employees. Certain states request the condition of a blanket bond coverage before a bank can operate. Back to:BANKING, LENDING, & CREDIT INDUSTRY...

What is Retargeting? Retargeting is a digital advertising campaign strategy that puts your advertisements in front of the potential customers who have already visited your website. Statistics show, 96-98% of customers leave a website without taking any action or abandoning the cart. That means only 2-4% of the traffic converts to the real customer o...

What is the Income Exclusion Rule? In a tax system, an income exclusion is defined as a rule that distinguishes taxable income from non-taxable income. In the United States, the Internal Revenue Service developed the concept of income exclusion, there are certain incomes that qualify for income exclusion as stipulated by the IRS. The types of income...

What is the Internal Revenue Code? The US code of statutes Title 26 is commonly referred to as The International Revenues Code (IRC) or Tax code. It is simply the consolidation of the US permanent laws. This group of laws touch on incomes, gifts, sales, payroll, and excise taxes and are implemented by the Internal Revenue Service. IRS is also mandat...

What is Activity-Based Management? Activity-Based Management (ABM) is a management approach focusing on managing employee activities efficiently and effectively with the purpose of increasing productivity, profitability, and organizational competitiveness. This approach focuses on planning, implementation, and measurement of business activities.  Ac...