103

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


74

The unspoken point behind your question is that people often talk about the value of companies in terms of their market capitalisation which is the price of one share times the number of shares. This methodology has obvious flaws - if all the holders wanted to sell at once the price would plummet, and if someone tried to buy all the shares at once the price ...


73

As Flux said, "中国新年" is a literal translation of "Chinese New Year". CNY is 人民币 in Chinese. USD, EUR and CNY are not known from English. They are known from ISO 4217 standard. In fact, ISO 4217 could be different from what people ordinarily use. For example, CNY (ISO) is called RMB in China, CAD (ISO) is called CDN in Canada. To determine ...


48

The merchant is accepting a discounted price for their product. When the merchant has something for sale with a price listed as $100, if they accept a credit card payment with a discount rate of 3.7%, they are accepting a discounted price for their product. The consumer does not receive this discount; the bank does. When you, as a consumer, buy something ...


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 ...


44

The term "billionaire" is not a legal or technical term; it can mean whatever you want it to mean. Most people would define it as someone who owns at least $1 billion in assets. If you own a company, and you convince one person to purchase 0.0001% of the company for $1000, you could argue that your company is worth $1 billion. Sure, call yourself ...


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 ...


40

It appears that "c" is used in two ways in this press release: When the "c" comes after the number, it means "cents". For example, a basic EPS of "(34.1)c" means a deficit of 34.1 cents. This can be confirmed by looking at page 22 in the annual report, where it explicitly says that the basic EPS is "(34.1) cents&...


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 to ...


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.


26

If my friend gives me a thousand dollars for 0.0001% of my "company", am I technically a Billionaire now? $1000 is definitely 0.0001% of $1Bn. You'd be a billionaire IF: you own the other 99.9999% of the company, and have the $1000 from your friend and other people would pay -- and continue to pay -- just as much as your friend for shares. (If ...


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 Money is an ...


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 ...


23

Discount rate is a financial concept and has nothing to do with the bargain between the customer and the merchant. When the merchant sells you $100 of goods on credit, a debt is created - you owe the merchant $100. Before credit cards were invented, the merchant would send you a bill at the end of the month and hope that you paid (suing customers is not good ...


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 ...


20

This is maybe kind of stupid, but it's a mnemonic device that worked OK for me to get the hang of these two varieties of option. It may only work for American English in my particular region, so if it doesn't immediately help it might be better to abandon: You might call someone up, and you might put someone down. These are idiomatic in the English I've ...


20

I'm assuming this is a credit card/credit line/loan account because that's the context in which it makes sense. You pay your statement balance, then your account is credited due to a refund. This credit leaves your account with a negative balance, they write you a check for the negative balance amount and debit your account the amount of the check to bring ...


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

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

“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

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,...


13

It means lakh, a multiplier of 100,000. So these numbers are equivalent to 1.5-2 million rupees.


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