A Board of Directors is a group of individuals elected by the shareholders of a company to represent the interests of the shareholders and also to govern the affairs of a corporation. The Board is an overseer not a manager of the corporation.
Archive for the ‘Level 1’ Category
A Board of Directors is…
Monday, August 17th, 2009Disinflation is…
Monday, August 17th, 2009Disinflation is when the rate of inflation slows down. Inflation is still happening (it’s not zero or negative), it just is not as strong as it was before.
A Public Company is…
Monday, August 17th, 2009A public company is a company that is traded on a stock market and its shareholders have a say in how the company is run.
The Euro is…
Monday, August 17th, 2009The Euro is the monetary unit of the Eurozone, including Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, and Spain. Basically, it is the currency used by the majority of the European countries and if you were travel to Europe, you would exchange your U.S. Dollars for Euros in order to make purchases.
A Will is…
Monday, August 17th, 2009A will is a legal document that expresses how a person wants his or her property and assets to be distributed after he or she passes away.
An Interest Rate is…
Monday, August 17th, 2009An interest rate is what a lender charges a borrower to use their money. It varies based on the length of the loan, the type of asset you are buying, and your credit worthiness. For example, the average interest rate for a 30 year mortgage is 5.4% and the average interest rate for a 4-year car loan is 7.5%.
Taxes are…
Monday, August 17th, 2009Taxes are payments owed to the government for certain items, earnings, or activities. Because the government uses taxes to finance projects that benefit the general public, if you are in the country, you have to chip in.
A Savings Account is…
Tuesday, August 11th, 2009A savings account is a type of bank account used for short-term savings that typically pays a low interest rate.
Inheritance is…
Tuesday, August 11th, 2009Inheritance is the transfer of property, money, or other assets by law upon the death of an individual. For example, if a relative includes you in their will and then passes away, you may inherit money, a home, or maybe a car or some art that belonged to them.
A Blue Chip Stock is…
Tuesday, August 11th, 2009A blue chip stock is a unit of ownership in a company that is recognized as reliable, resilient, and high-quality. A blue chip company is considered the best of the best, so its stock is highly desirable.