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What is the Public Company Accounting Oversight Board? The Public Company Accounting Oversight Board (PCAOB), is an auditing board that oversees the audits of public companies, broker-dealers and other companies. This is a private but non-profit establishment that periodically regulates audit experts of public traded companies. PCAOB protects the ri...

What is the Best-Price Rule (Rule 14D-10)? The Best-price rule (Rule 14D-10) is a regulation that stipulates that an entity giving certain considerations to some stockholders in a tender offer must make the same offer to all stockholders. This rule is simply called the Rule 14D-10, it is a regulation by the Securities Exchange Commission which state...

What is the Accumulative Swing Index? The Accumulative Swing Index (ASI) refers to a strategy used by traders to measure the long-term trend in a security's price with the aim of determining whether the trend signals a buying time or selling time in the market. ASI is also referred to as a trend line indicator which traders use to gauge the trends i...

What is the Time-Preference Theory Of Interest? The time preference theory of interest defines interest as the preference of people or a community for a dollar of present over the dollar of future income. Ordinarily, time preference refers to how goods are valued in the market given the date/time they are received. For instance, the valuation of goo...

What is the authority of the debtor in possession? The authority of the debtor in possession (DIP) is similar to that of a bankruptcy trustee. The objective of the DIP is to guard the interests of creditors by reshaping the bankruptcy estate to allow the business to continue operations. In doing so, the DIP is vested with the following important pow...

What is Comity? Comity is when governments, nations, or political entities mutually recognize legislative, judicial, and executive acts of the other. Comity is derived from the Latin term comitas. Comity may be treated as a legal oblgigation or simply as goodwill toward the other nation. ...

What is Defalcation? Defalcation refers to the illegal use, theft or misappropriation of funds by an individual in whose care the fund is kept. The act of theft, misuse or mismanagement of money by an official or a trustee that is in possession of the money. When an executive, a high official or a trustee misallocates funds which they are responsibl...

What is a Homestead Exemption? In the United States, a homestead exemption is a legal protection that safeguards the value of a home from taxes and creditors given the death of the homeowner spouse or following the declaration of bankruptcy. A homestead exemption is a form of law in many states that helps protect the value of a home after the demise...

What is Black Friday? In the United States, Black Friday is the Friday after Thanksgiving Day or Thanksgiving holiday, this day also signals the start of Christmas shopping season. Black Friday is a special day in which shoppers enjoy deep discounts on their products, and sometimes free shipping, it is a significant day to begin shopping in the U.S....