UNIT ELASTIC: What is Unit Elastic in Economics?
In economics, elasticity is a measure of how much other variables, such as price, supply, consumer options, and…
RESTRICTED CASH: Definition & Its Financial Statement
In accounting, “cash” refers to money maintained in liquid form by a corporation that can be spent or…
WHAT IS AN OUTSTANDING BALANCE? How Does It Affect Your Credit Card?
Handling credit card bills is part of managing your personal finances. If you frequently use credit cards, knowing…
401K LOAN VS PERSONAL LOAN COMPARISON: Which is the Best Option
If your emergency fund is depleted and you need money quickly, a personal loan vs a 401k loan…
BYPASS TRUST: Examples and How It Works
A bypass trust is an irrevocable trust into which the settlor deposits assets and which is intended to…
NUNCUPATIVE WILL: Definition and How It Works In Different States
It’s easy to put off writing a will and testament. It’s difficult to think about the end of…
CAPITAL MARKET LINE CML: Definition, Formula and Examples
The Capital Market Line (CML) is concerned with portfolios that properly balance risk and return. It is a…
EQUIPMENT BILL OF SALE: Form Templates (+Free Printable Forms)
An equipment bill of sale is a type of purchase receipt that proves to the buyer that they…
LONG TERM ASSETS: Definition, Examples and Limitations
A long-term asset is an important component of sound financial management in many sectors. Long-term use and maintenance…
MONETARY UNIT ASSUMPTION: Definition and Detailed Explanation
The monetary unit is a straightforward and globally accepted method of presenting financial information. It is the most…