Community Reinvestment Act – Explained

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

Update Table of Contents What is the Community Reinvestment Act?How Does the Community Reinvestment Act Work?Institutions that operate under CRARoles of OCC in accordance with CRABenefits of CRA to consumers What is the Community Reinvestment Act?The Community...

Chicago Board of Trade – Explained

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

What is the Chicago Board of Trade?The Chicago Board of Trade is a form of commodity exchange established in 1848 in cases where both financial and agricultural contracts have been closed. Previously, CBOT was being traded only in agricultural products like maize,...

Charge Off – Explained

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

What is a Charge-Off?A charged-off account refers to an account held by a creditor that has not been paid by a debtor. The creditor has stopped collection efforts and designated the debt as uncollectable.How does a Charge-Off Work? Once a lender considers collection...

Caveat Emptor – Explained

by TheBusinessProfessor | Feb 23, 2025 | Sales

What is Caveat Emptor?Caveat Emptor translates to ‘Buyer Beware.’ This means that the buyer bears all risks when s/he makes the decision to buy from a seller. While the term is common in real estate products, it also applies to other products.How does...

Cash Out Refinance – Explained

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

Update Table of Contents What is a Cash Out Refinance?How Does Cash Out Refinancing Work?Loan TermsReceiving FundsInterest RatesClosing CostsBenefits of Cash-Out RefinanceCons What is a Cash Out Refinance?Cash Out Refinance is taking a new mortgage on a property. It...

Chart of Accounts – Explained

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

What is a Chart of Accounts?A chart of accounts is a list of elements necessary to undertake an accounting of operations performed by a company. The list of accounts has these elements; assets, liabilities, and owners capital in addition to revenues and expenses...

Certified Managerial Accountant (CMA) – Explained

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

What is a Certified Management Accountant (CMA)?Certified Management Accountant or CMA is a recognized credential with unique attention on corporate finance and management accounting.What does a Certified Management Accountant Do?Certified Management Accountant (CMA)...

Certified Public Accountant (CPA) – Explained

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

What is a Certified Public Accountant (CPA)?A Certified Public Accountant (CPA) is a professional designation given by the American Institute of Certified Public Accountants referring. It is given to accountants who pass certifying exams and meet the applicable state...

Bear Market – Explained

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

What is a Bear Market?A bear market refers to a market situation wherein there is a steep fall in the prices of securities, resulting in an overall sentiment of negativity in the stock market. Such an internally-motivated decline of the market instigates a sense of...

Call Option – Explained

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

What is a Call Option?A call option gives a buyer the right to purchase an asset in the future from the seller of the financial option at a pre-established price. The buyer doesnt acquire the obligation but instead the right to buy an underlying asset, which is the...