Preferred credits may be considered to be a special type of unsecured creditor. Examples of preferred creditors include: Company employees. Though they may not directly own company assets, employees with unpaid wages receive preferential treatment. Who comes under secured creditors? A secured creditor may be the holder of a real…
Latest Posts
-
-
Can a bank foreclose on a short sale?
Banks Look To Recover the Most They Can “Assuming foreclosure is imminent, the bank will only reject a short sale if their own market sale will recover more of their money.” For the most part, banks are unlikely to reject a short sale if the sales price is near market…
-
What does the Bank Secrecy Act require?
Congress passed the Bank Secrecy Act in 1970 as the first laws to fight money laundering in the United States. The BSA requires businesses to keep records and file reports that are determined to have a high degree of usefulness in criminal, tax, and regulatory matters. What is one important…
-
Who regulates financial advisors in Florida?
OFR provides regulatory oversight for Florida’s financial services industry through three divisions and one bureau. Who oversees the Florida Office of Financial Regulations? The OFR reports to the Financial Services Commission made up of Governor Ron DeSantis and the members of the Florida Cabinet: Chief Financial Officer Jimmy Patronis, Attorney…
-
What does the Florida Office of Financial Regulation do?
The Office of Financial Regulation (OFR) is responsible for supervising state-chartered banks, credit unions, savings associations, and international bank agencies, and licenses and regulates non-depository finance companies and the securities industry. What is the main purpose of Financial Regulation? Financial regulation is part of ensuring the safety and soundness of…
-
Does CommSec have fees?
Different brokerage rates apply to CommSec Pocket trades executed through CommSec Pocket App or CommBank App.…CommSec Pocket. Trade execution Brokerage fee amount by transaction value1,2 Trade through Pocket App or CommBank App $2.00 (up to and including $1,000) 0.20% (Over $1,000) Late settlement fee $10.00 Is CommSec trading free? CommSec…
-
How hard is it to pass the Series 65 exam?
What is the Series 65 pass rate? The Series 65 exam has approximately a 65-70% pass rate. How do you ace the Series 65? To pass the Series 65 exam, candidates must achieve a minimum score of 72.3% by correctly answering 94 of 130 multiple-choice questions in 180 minutes. Candidates…
-
What is a compilation engagement?
Quick Summary. A compilation engagement is a type of engagement where a company engages an outside accountant to prepare and present financial statements. It is not designed to express an opinion or provide assurance regarding the information contained in the financial statement. Is compilation engagement the same as notice to…
-
What is the latest Charities Act?
This statutory power is being changed by the Charities Act 2022. As a result, charities will be able to pay trustees in certain circumstances for just providing goods to the charity. So, using the statutory power, trustees could be paid for: services only, for example estate agency or computer consultancy.…
-
What are the most 3 characteristics of successful entrepreneur?
3 Traits Every Successful Entrepreneur Must Have, According to the Experts Successful Entrepreneurs are Resilient. … Successful Entrepreneurs are Confident. … Successful Entrepreneurs are Innovative. What are 3 characteristics in the role of an entrepreneur? Adaptability, persistence and hard work, these are the keys to success in small business, but…
-
What kind of lizards are the Budweiser lizards?
What kind of lizard is in the Budweiser commercial? Adweek called it one of the “most iconic alcohol campaigns in advertising history.” The first Budweiser Frogs commercial was created by David Swaine, Michael Smith and Mark Choate of DMB&B/St. Louis. Budweiser Frogs Country of origin United States Production Running time…
-
Where do I find my NTEE code?
You can check your NTEE code on the NCCS web site. What is the NTEE code? NTEE Core Codes (NTEE-CC) Overview. The National Taxonomy of Exempt Entities (NTEE) system is used by the IRS and NCCS to classify nonprofit organizations. It is also used by the Foundation Center to classify…
-
Do positive externalities cause market failure?
Externalities lead to market failure because a product or service’s price equilibrium does not accurately reflect the true costs and benefits of that product or service. What is the problem with positive externality? With positive externalities, private returns are smaller than social returns. When there are differences between private and…
-
What does it mean to be a good citizen of the United States?
What are 5 qualities of a good citizen? Identify characteristics of good citizenship including truthfulness, justice, equality, respect for oneself and others, responsibility in daily life, and participation in government by educating oneself about the issues, respectfully holding public officials to their word, and voting. What makes someone a good…
-
What is a receivable loan?
Loans Receivable are the funds that a company has lent that have not yet been repaid. Since they fall under current assets, the expectation is that they will be repaid in less than one year. What is the difference between a loan and a receivable? The difference between a loan…
-
What is global debt service?
Global Debt Service Coverage Ratio means for the applicable annual period, the ratio of the sum of the Gross Cash Flow of Borrower and Land Borrower, divided by the sum of the Debt Service of Borrower and Land Borrower, certified by Borrower’s President and verified by Lender. What is the…
-
What does vouch for you mean?
Definition of vouch for : to say that (someone or something) is honest, true, or good I can vouch for the authenticity of the document. We’ll vouch for him. He’s a good guy. What is another word for vouching for someone? What is another word for vouch for? affirm confirm…
-
What is the salary of a billing clerk?
How much does a Billing Clerk make in the United States? The average Billing Clerk salary in the United States is $41,301 as of October 27, 2022, but the salary range typically falls between $37,396 and $45,416. What are the duties of a billing clerk? Billing clerks create invoices, credit…
-
What is a FinCEN Form 112?
FinCEN CTR (Form 112) Reporting of Certain Currency Transactions for Sole Proprietorships and Legal Entities Operating Under a “Doing Business As” (“DBA”) Name | FinCEN.gov. What triggers a currency transaction report? Federal law requires financial institutions to report currency (cash or coin) transactions over $10,000 conducted by, or on behalf…
-
Are Reg S securities restricted?
Selling Restrictions: Securities acquired under Reg S are considered ‘restricted securities’ and are restricted from being resold in the United States during a “compliance period” which may be up to one year from their issuance. What are Reg S securities? What is the Regulation S registration exemption? “Reg S,” which…