What is an Open-End Fund? A mutual fund that can issue an unlimited number of shares is called an Open-End Fund. Mutual Funds provide a convenient investment opportunity for investors as a majority of them are Open-End Funds. When the number of shares is too large to manage, the mutual funds issuing firm/management can decide to cap the limit. In ex...

What is the Chamber of Commerce? Chamber of Commerce refers to an institution or an association of business personnel or individuals established for the protection of the interest of its members. Also referred to as a board of trade, a chamber of commerce consists of a group or set of businesspeople or owners that share a common interest or locality...

What are Estimated Liabilities for Warranties? Warranties are a promise to repair, replace, or refund for products that do not perform as required or obligated. Businesses must set aside funds to cover these expenses. The amount is unknown, so it's estimated.  The matching principle applies. The seller reports the estimated warranty expense during t...

What are the Articles of Organization? The articles of organization are used to establish the entity status within the state. It provides basic information about the business to the state and the general public. What information is included in the Articles? Generally, the articles will include the following information: name of the business,  the bu...

How To Do A Provisional Patent Search On Your Own Given the relatively high cost of legal services associated with intellectual property law, it makes sense to learn how to undertake some of the processes one’s self. This is particularly true when it comes to conducting a patent search.Doing a preliminary search can help you understand whether your ...

Back to:BANKING, LENDING, & CREDIT INDUSTRY What is Float? Float, in the banking system, refers to money briefly counted two times because of the delays in check processing. Float is built as soon as the check is deposited. The customers account is credited by the bank. However, the payers bank takes some time to send payment on the check. Until...

What is an After-Tax Real Rate of Return? This refers to an investments real financial benefit after justifying the impacts of taxes and inflation. Its a more precise calculation of the net earnings of an investor after paying for income taxes and there has been an adjustment to the inflation rate. These two factors will affect the gains gotten by a...

Broad-Based vs. Narrow-Based Weighted Averaged Calculation There are two primary variations of the weighted average formula depending on what constitutes common outstanding in the above formula. The first, and more common, is referred to as broad-based, weighted average while the second is referred to as narrow-based, weighted average.  The broad-ba...

What is an A Fortiori Analysis? A Fortiori analysis is an analysis done to deliberately favor other sets of solutions when compared to that which has already been declared to be the best. It helps one to extensively compare the benefits and limitations of other existing alternative solutions to be able to identify the one which is much better. If af...

What is Amplitude? Amplitude is a measure of a change in a variable over a period of time, it also measures the degree of difference between the extreme values of a variable. In the context of securities or asset. Amplitude is the measure of the difference in the price of a security over a period of time. There are different definitions of amplitude...