What is a Loan Amortization Table or Schedule? An amortization table is defined as a document that shows you how much you are paying each month on a loan. An amortization table shows the payment schedule which is given when a loan is granted and approved. This is a summary of every payment that is borrowed, which must be made during the lifespan of ...

What is Accelerated Cost Recovery System? Accelerated Cost Recovery System, or ACRS, is an accounting method for depreciating assets When using ACRS, a company assigns each asset an expected class life. The class life is the period over which a company will depreciate a particular asset. During each assets class life, the company depreciates the cos...

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What is Constitutional Economics? Constitutional economics is the study how constitutional law and interpretations constraint actions and choices by individuals.  More specifically, constitutional economics investigates the state constitutional law constrains individual activities and decisions and ultimately affect the economy.  What does Constitut...

What is the Physical-Presence Test? In the United States, the Internal Revenue Service (IRS) find out whether a taxpayer is eligible for the foreign earned income exclusion using the physical presence test. The physical presence test is often done for taxpayers who are resident abroad and outside of the U.S. According to this test, a U.S expat is qu...

What is a Ponzi Scheme? A Ponzi scheme is an investment scam that involves the diversion of new investments to pay dividends to existing investors. Fraudulent companies that partake in Ponzi schemes typically lure new investors into their schemes by promising them high rates of return as well as negligible risks. Investors that participate in Ponzi ...

What is a Business Plan? The business plan is a detailed roadmap for your business. It is a non-static, living, breathing document that should be updated regularly to reflect the course and strategy of the business. The business plan provides context and gives a holistic view of the entire business activity. The business plan is both a planning tool...

What is the Morningstar System? Morningstar is a financial service firm that provides investment research and investment management services. It has a technology platform providing software as a service and research application for financial advisors. What are the Primary Morningstar Systems? The primary Morningstar systems are: Morningstar Annuity ...

How does Discretionary Fiscal Policy affect Interest Rates? Because fiscal policy affects the quantity that the government borrows in financial capital markets, it not only affects aggregate demand—it can also affect interest rates. In the chart below, the original equilibrium (E0) in the financial capital market occurs at a quantity of $800 billion...

What is Regulation V? Regulation V is an administrative regulation promulgated by the US Federal Reserve Bank pursuant to the Fair Credit Reporting Act. It requires member banks who report consumer credit information to credit rating agencies to maintain specific standards for reporting accuracy and privacy. Back to:BANKING, LENDING, & CREDIT IN...