What is a Line Sheet? A line sheet is used by a manufacturer or distributor of a product to provide information to purchasers. The purchasers a generally wholesalers or retailers purchasing the goods to sell to end users. It is also used in the insurance industry to outline the types of risks covered in a policy. How is a Line Sheet Used?  As a sale...

What is a Chooser Option? A chooser option in finance refers to a contract that offers the holder a chance to decide whether to take a put or call option. This is usually done ahead of the expiration date. A call option refers to a contract that allows an investor to buy stocks at a price already pre-determined. This buyer usually gets profits when ...

What is the significance of alternatives in negotiation? Parties negotiate in order to achieve a better result than they would be able to achieve independently of negotiating (or as an alternative to negotiating). A party may have any number of alternatives to those achievable through negotiation. The nature and extent of the alternatives available ...

What is a Defined Benefit Plan? This is the most common retirement plan sponsored by employers. In this plan, the employee benefits are defined by their employment tenure, salary record, and age. It is not directly dependent on individual investment returns. The employer is responsible for managing the portfolio and all the investment risks. There a...

What is a Schedule K-1? A Schedule K-1 refers to a tax form that businesses partners use to report their partnership earnings or income, losses, dividends and credits. A schedule K-1 is a tax document that the Internal Revenue Service (IRS) requires business partners to file for tax purposes. The tax document is prepared to report each partners shar...

What is Consumer Recall? Aided and Unaided Recall are market research techniques used to test the effectiveness of brands, advertisements and commercials. What is Aided Recall?  Respondents are asked certain questions to learn whether they are familiar with a particular company, brand, slogan, product or service. In aided recall, consumers are given...

What is a Qualifying Domestic Trust? A Qualifying Domestic Trust (or QDOT as it is commonly called) is a special trust used by individuals for end-of-life planning. Basically, a QDOT trust allows assets held by the trust to be free from estate and gift taxes (up to the amount of the marital deduction which is currently unlimited per IRC Section 1056...

What is the European Capital Markets Institute? The European Capital Markets Institute (ECMI) is an autonomous research institute that performs research and studies on European capital markets and related issues. The ECMI was established in 1993. It is overseen by the Center for European Policy Studies (CEPS). What does the European Capital Markets ...

What is a Universal Product Code (UPC)? The Universal Product Code (UPC) is a type of barcode that is attached to every retail product sold in stores around the world. It is a twelve - digit product code for identification of every retail item, the barcode aids an automatic checking -out of retail products at the cashier counter.  UPC was introduced...

What are the primary disclosure documents required in a offer to sell securities? The 33 Act requires that an issuer of securities register with the SEC by filing a registration statement prior to any offer or sale of securities. Further, the issuer (or individual offering to sell securities) must provide a detailed disclosure document, known as a p...