102

The word you're looking for is not "metric" but "decimal". Pretty much all currencies are decimal these days except for currencies that have divisions where the sub-unit is no longer used as it's worth so little. The only countries left with non-decimal currencies are Mauritania and Madagascar according to wikipedia


47

It sounds like you're describing tax gain harvesting, where you intentionally realize capital gains in a low-tax-rate period in order to increase your cost basis and reduce future capital gains at higher rates.


46

why don't they just say "The numbers below include fees" or "don't include"?! Because these are accounting documents, and the terms accountants use are "gross" and "net". Think, for example, of your paycheck. Your gross pay is your rate multiplied by hours (plus bonuses, etc). Your pay net taxes is what you get after taxes are deducted. Your net pay is ...


42

It means both. The IRS currently calls them Individual Retirement Arrangements, as seen on the titles of Publications 590-A and 590-B. However, in the tax code, they are called Individual Retirement Accounts (Title 26, Section 408). In my experience, you will see it described as Individual Retirement Accounts nearly everywhere you look except for the IRS ...


38

Tax brackets refer to the range of taxable within which you fall. An income tax bracket usually refers to federal or state tax, not the combined rate. I have put here the tax brackets for 2016 for IRS and State of California. https://www.irs.com/articles/2016-federal-tax-rates-personal-exemptions-and-standard-deductions https://www.ftb.ca.gov/forms/2016-...


31

The Wikipedia article Non-decimal currency explains the situation in full: Today, only two countries have non-decimal currencies: Mauritania, where 1 ouguiya = 5 khoums, and Madagascar, where 1 ariary = 5 iraimbilanja. However, these are only theoretically non-decimal, as in both cases the value of the main unit is so low that the sub-units are too small ...


29

"A less B" means "A minus B". For example, "4% of X less 4,000" means "(4% of X) minus 4000", that is, 0.04 * X - 4000 This table describes progressive tax rate, where each bracket is taxed at its own rate. The higher the bracket, the higher the rate.


26

$400K is equity, $200K is principal owed on your mortgage. (This is also called 'Mortgage Balance' or Mortgage Debt', depending who is asking.) Cost basis is still $500K.


24

Hedging - You have an investment and are worried that the price might drop in the near future. You don't want to sell as this will realise a capital gain for which you may have to pay capital gains tax. So instead you make an investment in another instrument (sometimes called insurance) to offset falls in your investment. An example may be that you own ...


24

Money in that context has two kinds of common usage: money noun 1 A current medium of exchange in the form of coins and banknotes; coins and banknotes collectively. ‘I counted the money before putting it in my wallet’ 1.2 The assets, property, and resources owned by someone or something; wealth. ‘the college is very short of money’ - lexico ...


23

The term "tailwinds" describes some condition or situation that will help move growth higher. For example, falling gas prices will help a delivery company be more profitable. Lower gas prices is said to be a tailwind for the freight services industry. "Headwinds" are just the opposite. Its a situation what will make growth more difficult. For example, if ...


23

Many of these products are similar in nature and often depend on the issuing bank. Cashier's Check Are checks signed and guaranteed by the bank. This means the funds are coming from the bank instead of your account -- which usually means they immediately take the money from your account. This is usually the most secure of the options and usually doesn't ...


21

This means that once your application is approved, you'll need to pay your first and last month's rent and a security deposit. You may get your security deposit back when you terminate your lease, assuming you've met all the conditions in the lease and haven't damaged your apartment. If you decide to extend your lease, your last month's rent is usually ...


21

EU and more specifically Germany: (Colloquial) terminology is roughly: the card automatically issued by your bank is the "bank card", and cards issued by e.g. Visa, Mastercard, Diners, American Express are "credit card" (I'd almost say that credit card [EN-US] vs. DE Kreditkarte is a false friend). the debit cards automatically issued with a [checking] ...


20

A "Fund" is generally speaking a collection of similar financial products, which are bundled into a single investment, so that you as an individual can buy a portion of the Fund rather than buying 50 portions of various products. e.g. a "Bond Fund" may be a collection of various corporate bonds that are bundled together. The performance of the Fund would be ...


18

Thanks for your question. Unfortunately, you're correct that these types of benefits often are not well explained. Let me apologize in advance for a long answer, but I'd like to provide the most comprehensive explanation I can. Additionally, there are a number of factors involved that weren't mentioned in your example, but that could substantially affect ...


18

This sounds a lot like an Equity-indexed Annuity. They date from about 1996 (there is a bit of skepticism about them, as they are tricky to understand for the typical investor). For instance, an equity indexed annuity pays a portion of the gain in an index (like S&P 500) when the stock market rises, and guarantees you won't lose if it falls. In an ...


17

Uber, FB and Airbnb are facilitators, since they, well, facilitate connections between the consumer and the provider. Alibaba and Amazon are in that role, too.


16

This is accurate for the USA. https://www.investopedia.com/terms/c/chargecard.asp A charge card is a type of electronic payment card that charges no interest but requires the user to pay his/her balance in full upon receipt of the statement, usually on a monthly basis. Charge cards are offered by a limited number of issuers. https://www.nerdwallet.com/...


15

Lien is a record that can be put on your asset, meaning that any sale proceeds of the asset will go to a lien holder/lien holder must approve any transfer of ownership. The asset continues to belong to you though. Loan is when someone gives you money and you promise to pay it back. Mortgage is a specific case of a loan - loan is called "mortgage" when ...


15

D Stanley gave a correct answer. Let me offer an observation. In a year where any of your investments are down, I'd suggest taking the loss (being mindful of wash sale rules), and use it to offset up to $3000 of ordinary (15%) income or to offset the tax of a Roth IRA conversion. Then in future years, continue to use the tax gain harvest strategy. And note,...


14

Not sure why CAGR is a problem for both directions. I used to be a physicist, and, when I taught classes in graduate school, students always wanted to use the terms "accelerate" and "decelerate" to describe "speeding up" and "slowing down". But acceleration is just a vector with magnitude and direction. There's nothing special about slowing down that it ...


14

“Less” means “minus.” The table you posted describes a marginal tax rate. With a marginal tax system, parts of your income are taxed at different rates. The first Rs. 100,000 of your monthly income is tax free, the next Rs. 50,000 is taxed at 4%, and the next Rs. 50,000 is taxed at 8%. The text in the right column of the table is a formula to calculate ...


13

You are right for every trade to take place there has to be a buyer and a seller, so essentially on the trade the number of buyers and sellers would be the same. However, what one means when there are more buyers than sellers is that the quantity of buy orders is more than the quantity of sell orders. This indicates that more people want to buy a particular ...


13

Other answers cover the differences between the types of card (debit vs credit vs charge). However, there's another layer of important differences - the card processing network and the processing method used for a specific transaction. In some cases, this can cause card types to behave differently on a transaction by transaction basis. When you swipe a card,...


12

Going through the list of economies that currently use the dollar, all of them list cents as a fractional unit. In Hong Kong and Taiwan, the 1/100 fractional unit is still called a cent, but it's no longer in circulation in coin form and only finds use in financial markets or electronic payments. In countries like Malaysia, the word "sen" is used as the ...


12

Wisegeeks are explaining it well, Investopedia are mentioning it briefly. The difference is in the accounting treatment. Earnings = revenue - production costs. Profits = total revenue - total expenses. The difference is hard to notice, but significant: for example if your company is making ice cream, then the earnings would be the revenue from selling ice ...


12

This may vary some by the state, but the general facts are consistent broadly. The elements of check fraud typically are: Dishonor Check - the check must be dishonored by the drawee for one of the reasons set forth in the statute. Knowledge by the maker of the check that it would not be honored. Present Consideration - the check must have been ...


12

The "official" name depends on the card issuer, and may be trademarked. For Visa it is CVV2 (Card Verification Value). Sometimes it is called CVC2 (Card Verification Code), CID, etc etc - all the acronyms you've already found. "2" is because it is the second one, the first being invisible to the user (encoded on the magnetic strip). The two codes are ...


11

As others have stated, the current price is simply the last price at which the security traded. For any given tick, however, there are many bid-ask prices because securities can trade on multiple exchanges and between many agents on a single exchange. This is true for both types of exchanges that Chris mentioned in his answer. Chris' answer is pretty ...


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