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Goodwill explains why a business may be worth more than the value of its physical assets when it’s acquired by another company. Goodwill is a common accounting term that often …
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The Gramm-Leach-Bliley Act (GLBA) explains how banks, investment firms, and insurance companies can work together while protecting consumers and regulating financial services. Understanding the Gramm-Leach-Bliley Act (GLBA) The Gramm-Leach-Bliley Act, …
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Learn what Generally Accepted Accounting Principles (GAAP) are, why they matter, and how they help create clear, consistent financial statements. Understanding Generally Accepted Accounting Principles (GAAP) Generally Accepted Accounting Principles, …
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A tax exemption allows a portion of someone’s income to be completely free from taxation, helping reduce the amount of money they owe to the government. A tax exemption may …
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Some types of interest earnings are excluded from federal income tax, helping investors keep more of what they earn. Tax-exempt interest income refers to interest that does not need to …
What Is Tax-Exempt Interest Income? – Simple and Easy Explanation Read More
Illegally avoiding required payments harms everyone by reducing the money available for essential public services and community resources. Tax evasion is the act of knowingly failing to pay what is …
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Fronting in insurance is an arrangement where one insurance company issues a policy, but another company actually takes on all the risk behind the scenes. At first glance, fronting sounds …
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Fraternal insurance is a type of insurance coverage offered through fraternal organizations to their members, often focused on life, health, or disability protection. If you belong to a lodge, society, …
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A foreign jurisdiction is any country or governing area outside the United States, Canada, and their provinces or political subdivisions. If you’ve ever read an insurance policy, investment document, or …
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Foreign investment is when money is put into businesses, property, or assets located outside your home country. In today’s connected world, money crosses borders all the time. Companies expand overseas, …
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