Wrongful Dishonor – Explained

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

Update Table of Contents What is Wrongful Dishonor?How Does Wrongful Dishonor Work?Dishonor for Insufficient FundsBank Liability for Wrongful DishonorExamples of Wrongful Dishonor What is Wrongful Dishonor?Wrongful dishonor occurs when a bank fails to honor a valid...

Write-Down Value – Explained

by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting

What is the Write-Down Value of an Asset?A written-down value refers to the value of an asset after the accumulated depreciation or amortization of the asset has been deducted from the value. In a company’s financial records, the written-down value represents...

Wrap Around Annuity – Explained

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

What is a Wraparound Annuity?A wraparound annuity is a deferred annuity that gives the annuitant or investors the right to choose the underlying investment in the annuity plan. Insurance companies offer annuity packages to individuals to provide them with a stable...

Certified Trust and Financial Advisor – Explained

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

What is a Certified Trust and Financial Advisor?A Certified Trust and Financial Advisor (CTFA) is a professional that renders competent service in financial planning, broking, trust and investment administration and taxation. CTFA is a designation that serves as an...

Certified Treasury Professional – Explained

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

What is a Certified Treasury Professional (CTP)?The Certified Treasury Professional (CTP) is a professional title awarded by the Association for Financial Professionals (AFP) to individuals who exhibit competency and expertise in cash management, undergo training with...

Certified Senior Consultant – Explained

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

What is a Certified Senior Consultant (CSC)?The National Association of Certified Senior Consultants (NACSC) issues the Certified Senior Consultant (CSC) designation to financial planners.The program is comprised of a 30-hour self study program with five...

Certified Investment Management Specialist – Explained

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

What is a Certified Investment Management Specialist?The Institute for Investment Management Consultants issues the Certified Investment Management Specialist (CIMS) as a professional designation to qualified individuals who are investment managers. CIMS is issued to...

Certified Insolvency and Restructuring Accountant – Explained

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

What is a Certified Insolvency and Restructuring Accountant (CIRA)?The Certified Insolvency And Restructuring Accountant (CIRA) designation is for forensic accountants who wish to be certified as professionals can apply to earn. CIRA is a professional certification...

Certified Information Systems Auditor – Explained

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

What is a Certified Information Systems Auditor?Certified Information Systems Auditor (CISA) is a global professional designation awarded by the Information Systems Audit and Control Association (ISACA) to individuals who manage IT and business systems for...

Certified Fund Specialist – Explained

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

What is a Certified Fund Specialist?The Institute of Business and Finance (IBF) issues a certificate to individuals with expertise in mutual funds who pass their certification exams. The professional holds the designation Certified Fund Specialist (CFS). CFS Test...