Professional Portfolios and Proof of Work – Explained

by TheBusinessProfessor | Feb 23, 2025 | Professionalism & Career Development

Why Use a Professional Portfolio or Proof of Work? You have spent a great deal of time developing your knowledge, skills, and ability. There is no reason to let any of that effort go to waste. You should work to find a way to translate any of your prior work into a...

Business Meals & Professionalism – Explained

by TheBusinessProfessor | Feb 23, 2025 | Professionalism & Career Development

Showing Etiquette During Business MealsBusiness dinners are a common thing. This is yet another environment in which you have the opportunity to establish your professional brand. Below are some tips for demonstrating professionalism at the dinner table. Note: These...

Conforming Loan – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is a Conforming?How Does a Conforming Loan Work?Conforming Loans vs. Nonconforming LoansSpecial Considerations for Conforming Loans What is a Conforming?In the United States, there are certain guidelines that loans are required to meet as...

Global Industry Classification Standard – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What is the Global Industry Classification Standard?The Global Industry Classification Standard (GICS) is a standardized system of categorizing companies into sectors and industries. GICS is used globally by market participants to classify domestic stock and...

Government National Mortgage Association – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is the Government National Mortgage Association?How Does Ginnie Mae Work?Ginnie Mae vs. the Other Maes and Freddie Mac What is the Government National Mortgage Association?The Government National Mortgage Association (Ginnie Mae) is a...

Front Office (Services Firm) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management

What is the Front Office?The front office of a firm is the most visible part that interacts with visitors or clients of the firm. The most popular examples of a front office are customer service departments and sales departments. Usually, the front office of a firm...

Full Recourse Debt – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is Full Recourse Debt?How Does Full Recourse Debt Work?Full Recourse Debt ProvisionsNon-Recourse Debt What is Full Recourse Debt?Full recourse debt is a secured debt but offers more protection to a lender unlike other types of secured...

Freeze Out (Trading) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets

What is a Freeze Out?In its literal meaning, a freeze-out is an act of preventing someone from participating in an activity by being hostile to them or acting in a cruel or unfriendly manner. A trader can be freezed-out of trade in the market. A free-out is otherwise...

Free Alongside Ship (FAS) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management

What is Free Alongside?Free Alongside Ship (FAS) is a shipping rule that states that a seller is obligated to deliver goods purchased by the buyer next to a particular vessel that the buyer designates. This rule is often used in a scenario when a buyer has a direct...

Freelance Economy (Gig Economy) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation

What is a Freelance Economy?The freelance economy, or Gig Economy, is an economy of independent workers or individuals who are self-employed and execute different projects based on an agreed fee with the client. Problems and Challenges of the Freelance EconomyThere...