education
Is fundamental value the same as intrinsic value?
Also referred to as an asset’s fundamental value, an asset’s intrinsic value is simply a sum of the discounted future income that will be generated by the...
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Education
education
Should I pay charged-off account after 7 years?
The seven year time frame is calculated from the date of the first delinquency that lead up to the charge off status, or the original delinquency date. Co...
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education
Does a child have to be a year old to claim on taxes?
To meet the qualifying child test, your child must be younger than you and either younger than 19 years old or be a “student” younger than 24 years old as...
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education
How long are banks required to keep transaction records?
The period requiring record documentation could go back many years, and banks typically only retain records for seven years (as little as two years for ce...
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education
Who owns the assets in a partnership business?
By default under the Partnership Act, there is no different entitlement to shares if one partner has a grander title (such as managing partner), or does m...
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education
Do you stop paying mortgage insurance after 20%?
Fortunately, you don’t have to pay private mortgage insurance, or PMI, forever. Once you build up at least 20 percent equity in your home, you can ask you...
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education
How does the bond market work?
The bond market refers broadly to the buying and selling of various debt instruments issued by a variety of entities. Corporations and governments issue b...
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education
Is loan fraud a federal crime?
A person convicted for a federal crime relating to loan fraud faces federal prison time and steep fines. A conviction for federal loan fraud can carry ser...
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education
Does a tax lien supercede a mortgage?
Federal tax liens do not take precedence over purchase money mortgages or mortgage loans. The IRS considers a purchase money security interest or mortgage...
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education
Can my employer keep me late?
No. Employers are not penalized in every instance of a late paycheck. In most instances, an employer is not subject to a penalty if it has a valid reason ...
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