Committee on the Uniform Security Identification Procedure Numbers (CUSIP) – Explained

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

What is the Committee on Uniform Security Identification Procedure Number?This is a nine-character alphanumeric code used to identify a North American financial security for the clearance and settlement of trades. It was adopted under Accredited Standards X9.6 as an...

Cost of Funds Index – Explained

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

Update Table of Contents What is a Cost of Funds Index?How Does the Cost of Funds Index Work?Cost of Funds Index Example What is a Cost of Funds Index? The cost of fund index, COFI, refers to the interest rate’s weighted average that banks compensate on savings...

Access Control List – Explained

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

What is an Access control list?Access control list (ACL) is used to identify individual or group user permissions in a computer system. The access control list is generally in table format, or some other software specific data structure. ACLs are a fundamental part of...

Illiquid (Assets) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Finance, Personal Finance, and Valuation Principles

What are Illiquid Assets?Illiquid, as a term, is used to identify assets or securities that cannot be disposed of quickly by way of sale. Also, it refers to a business/enterprise that doesn’t have enough funds to meet its obligations. The illiquidity of the...

Internal Revenue Code – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Taxation

What is the Internal Revenue Code?The US code of statutes Title 26 is commonly referred to as The International Revenues Code (IRC) or Tax code. It is simply the consolidation of the US permanent laws. This group of laws touch on incomes, gifts, sales, payroll, and...

Incubator – Explained

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

What is a Business Incubator?An incubator is an organization that helps to build a startup or growth-business into a larger-scale business operation. It does this by monitoring and facilitating the business progress at all stages of development. Most incubators...

Accounting Journal – Explained

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

What is a Journal in Accounting?A journal is an account in which a business records its financial transactions. Businesses use the journal to transfer information or reconcile records of income and expenditure with the entries in a general ledger. Records in a journal...

Intrinsic Value (Company) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Finance, Personal Finance, and Valuation Principles

What is Intrinsic Value?The estimated value of tangible as well as intangible resources is known as the intrinsic value of a business or a company. These resources are determined with the help of basic research or analysis. This value is also known as the true value...

Incoterms – Explained

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

What are Incoterms?Incoterms are commercial terms published by the ICC (International Chamber of Commerce) that are used in domestic and international shipping agreements. They are consistent with International Commercial Law (ICL). They cover all the important terms,...

Click Through Rate – Explained

by TheBusinessProfessor | Feb 23, 2025 | SEO, Social Media, Direct Marketing

What is a Click Through Rate?Click-Through Rate (CTR) is an essential concept in search engine marketing, pay-per-click ad campaigns or email marketing campaigns that is the percentage of people who upon seeing an ad or viewing an email click on the ad or link.How is...