One of the itemized deductions available for taxpayers who donate to charity. The Charitable Contributions Deduction allows taxpayers to deduct all of their contributions to qualifying charitable contributions of cash and property within certain limitations. These deductions must be listed on Schedule A of the 1040. The Charitable Contributions Deduction allows taxpayers who make substantial charitable gifts to take a sizeable tax deduction for the year in which their donations are made. The rules for deducting these gifts can be somewhat complicated in certain instances. Taxpayers with questions about the deductibility of their gifts should download the instructions for Schedule A off of the IRS website.
When monetary policy cannot entice consumers into spending more money or investing in an economy, even if monetary policy is loosened to to put more money into peoples' hands. This term is often attributed to noted economist John Maynard Keyenes. If the core demand doesn't exist to induce people to part with their money, it can't be forced through monetary policy. Trying to do so is like trying to "push on a string". Such a situation occurred during the Great Depression in the 1930s and in Japan during the late 1990s when interest rates were about 1%. This situation is sometimes referred to as a "liquidity trap" and explains why central bankers do not attempt to lower rates to levels approaching zero. To lower rates to this level would eliminate monetary policy's power to influence economic growth and consumption.
A collection of assorted theories that assert that certain days, months or times of year are subject to above-average price changes in market indexes and can therefore represent good or bad times to invest. Some theories that fall under the calendar effect include the Monday effect, the October effect, the Halloween effect and the January effect. Taobiz explains Calendar Effect Most of the evidence for these effects is anecdotal, although there is a slight statistical case to be made for some of them, which is more than enough to encourage some investors to place their faith in them. Proponents of the October effect, one of the most popular theories, argue that October is when some of the greatest crashes in stock market history, including 1929's Black Tuesday and Thursday and the 1987 stock market crash, occurred. While statistical evidence doesn't support the phenomenon that stocks trade lower in October, the psychological expectations of the October effect still exist.
An index that focuses on days where the volume has significantly decreased from the previous day's trading. |||The index tries to determine what smart investors are doing. It is believed that when volume is high, uninformed investors will sell. While on slow days, "shrewd investors" will quietly buy or sell the stock.
A certification offered to accountants who conduct internal audits. Certified Internal Auditors (CIA) must meet several requirements to obtain this designation, such as passing a four-part exam that covers all issues, risks and remedies that pertain to internal audits. The Certified Internal Auditor designation is conferred by the Institute of Internal Auditors (IIA) and is the only such credential that is accepted worldwide. The first three parts of the CIA exam focus on core global elements of internal audits. The fourth part covers auditing issues specific to the region in which the student is located. Although the IIA offers this credential, it is not needed to be a member of the organization.
The securities market in Calcutta, India. The country's second-oldest exchange began in 1908 as the Calcutta Stock Exchange Association with the trading of securities in the East India Company. At this time, it had 150 members. In 1923, the Association became a limited liability concern. In 1980, the exchange was permanently recognized by India's government. In 1997, The Exchange was the largest in the country, and it replaced its manual trading system with a computerized trading system called C-Star. Taobiz explains Calcutta Stock Exchange (CAL) .CL C-Star was subject to a major payment settlement system scam in 2001 that closed down the exchange and resulted in the suspension of 300 CSE members, many of whom were able to get their licenses back several years later. Many companies delisted from the CSE and joined the Bombay Stock Exchange (BSE) or National Stock Exchange instead. In 2007, the CSE entered a piggyback arrangement with the BSE. 2,500 companies are listed exclusively on the CSE, but critics say that there are not enough companies in East India and that very few of CSE's exclusive listings are good companies.
1. A trader who hopes to make quick profits. Basically, another term for "speculator". 2. A British and Australian term for one who gambles, a bettor. A punter's approach is to speculate rather than invest. Thus, punters aren't concerned with the fundamentals of an investment; instead, they attempt to make a quick profit by selling to somebody else at a higher price. Punters speculate in any market, but especially like options, futures and forex because of the leverage.
Passed by the U.S. Congress in 1996, the NSMIA was an attempt to update and amend previous security acts and create one uniform code that companies and regulators could follow. |||This bill deals with securities, brokers, advisors, and dealers. Its goal is to provide a federally imposed set of rules, instead of having to deal with each individual state's rules and regulations.