Wage Assignment
What Is a Wage Assignment? A wage assignment is an agreement in which an employer assigns its right to a certain amount of wages to an employee when he or she is in default. A wage assignment is valid for three years from the date of execution and two years if the employee changes jobs. The process begins when an...
W-Shaped Recovery
What is 'W-Shaped Recovery' An economic cycle of recession and recovery that resembles a "W" in charting. A W-shaped recovery represents the shape of the chart of certain economic measures such as employment, GDP, industrial output, etc. A W-shaped recovery involves a sharp decline in these metrics followed by a sharp rise back to the previous peak,...
FICO Score
FICO score is one to the measures that are used by the lenders to assess the credit risk of an applicant, and then decide whether to extend loan to them or not. FICO score makes an important part of the credit report. An acronym for Fair Isaac Corporation, the FICO score is one of the types of credit score....
C Corporation
What is a C Corporation A C corporation is a business structure in which the company's shareholders own its assets and are liable for its debts. The main advantage of this structure is that it offers limited liability protection to the shareholders, meaning they are not personally responsible for the debts of the corporation. This can be a valuable asset...
LAK (Lao Kip)
What is 'LAK' The currency abbreviation or currency symbol for the Lao kip (LAK), the currency of Laos. The kip is made up of 100 att, and is often presented with the symbol (__). The first kip coins minted in 1952 had holes in the center like chinese coins. Explaining 'LAK' The kip was...
B-Note
What is 'B-Note' The secondary tranche in a commercial mortgage-backed security. B notes are a component of A/B financing or A/B/C financing. They have a lower credit rating than a class-A notes, but a higher credit rating than a class-C notes. The financed property serves as collateral for a B note. Also known as a "class B note". Explaining 'B-Note' As long as...
Qatar Investment Authority (QIA)
What is 'Qatar Investment Authority - QIA' The Qatar Investment Authority (QIA) is a government-owned entity charged with managing the sovereign wealth fund of Qatar. The source of the sovereign wealth fund is primarily excess oil and gas revenues from the development of Qatar's oil and gas reserves. Explaining 'Qatar Investment Authority - QIA' ...
FAANG Stocks
What is 'FAANG Stocks' FAANG is an acronym for the five most popular and best performing tech stocks in the market, namely Facebook, Apple, Amazon, Netflix, and Alphabet’s Google. Explaining 'FAANG Stocks' Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX), and Alphabet (GOOG) are the five technology giants trading publicly in the market today, as...
U.S. Department of Housing and Urban Development (HUD)
What is HUD and what does it do HUD is the U.S. Department of Housing and Urban Development, a Cabinet-level agency created in 1965 to address housing and urban development needs. HUD's mission is to "create strong, sustainable, inclusive communities and quality affordable homes for all." HUD works to achieve this mission by providing fair housing and equal opportunity, improving...
S&P MidCap 400 Index
What is 'S&P MidCap 400 Index' This Standard & Poor's index serves as a barometer for the U.S. mid-cap equities sector and is the most widely followed mid-cap index in existence. To be included in the index, a stock must have a total market capitalization that ranges from roughly $750 million to $3 billion dollars. Stocks in...