Investing in IOUs (I owe you) can potentially provide returns while diversifying your portfolio. IOUs represent a loan agreement where one party promises to repay a specified amount to another. By investing in IOUs, you are essentially lending money to a borrower and earning interest or other returns. The risk associated with IOUs depends on … Read more
Facultative reinsurance is a coverage that is taken out on a specific risk, such as a large property exposure or an event cancellation. It is purchased on an individual basis, rather than as part of a treaty. This type of reinsurance is often used to cover risks that are too large or too specialized to … Read more
The Job Openings Rate (JOR) is a measure of available jobs in an economy. It represents the ratio of the number of job openings to the total number of people in the labor force (employed or unemployed). The JOR provides insight into the demand for labor and the overall health of the job market. A … Read more
Public schools in the United States are primarily funded through a combination of local, state, and federal sources. Local funding typically comes from property taxes levied by school districts. State funding is usually distributed through formulas that consider factors such as student enrollment, poverty levels, and local tax capacity. Federal funding comes from a variety … Read more
High liquidity refers to investments that can be quickly and easily converted into cash without significantly affecting their market value. Among different types of investments, the one with the highest liquidity is typically cash. Cash, including physical currency and demand deposits, can be directly used for transactions or easily converted into other liquid assets without … Read more
The President of the Church of Jesus Christ of Latter-day Saints (LDS Church) is a volunteer position and does not receive any salary or compensation. The President’s expenses, such as travel and lodging, are covered by the Church. As a non-profit organization, the LDS Church relies on the tithes and offerings of its members to … Read more
When you file taxes, your refund may take time to be processed. This can be due to various factors such as errors in your return, missing documentation, or if you claimed certain tax credits or deductions. The IRS typically takes up to 21 days to process electronic returns and up to 6 weeks for paper … Read more
When you inherit an IRA, the taxes you’ll pay depend on your age and what you do with the money. If you’re under 59½ and take a withdrawal, you’ll pay income tax plus a 10% early withdrawal penalty. If you’re 59½ or older, you’ll pay income tax but no penalty. If you leave the money … Read more
Volunteering offers valuable benefits for job seekers. By participating in volunteer activities, you not only make a meaningful contribution to the community but also boost your employability. Volunteer work provides opportunities to develop and refine skills, gain hands-on experience, and expand your professional network. It demonstrates your initiative, commitment, and a desire to give back. … Read more
Subrogation in insurance occurs when the insurance provider steps into the shoes of the policyholder to pursue recovery of expenses they paid out on a claim. This happens when a third party is legally responsible for causing the loss or damage. For instance, if an insured driver’s car is hit by a negligent driver, the … Read more