Business Tips

What Is Compulsory Insurance? Compulsory insurance is any type of insurance an individual or business is legally required to buy. Compulsory insurance is mandatory for individuals and businesses that want to engage in certain financially risky activities, such as operating an automobile or operating a business with employees. Compulsory insurance is supposed to protect accident […]

Zoom Video Communications, Inc. (ZM) stock has dropped like a rock this week, falling 17% after testing the all-time high at $165 on Monday. Bugs, flaws, and hacking vulnerabilities have come to light as use of the video conferencing software has skyrocketed due to the coronavirus pandemic, exposing Zoom’s rapidly expanding customer base. Those disclosures

What Is a Detective Control? Detective control is an accounting term that refers to a type of internal control intended to find problems within a company’s processes once they have occurred. Detective controls may be employed in accordance with many different goals, such as quality controlfraud prevention, and legal compliance. One example of a detective

Monetary policy refers to the strategies employed by a nation’s central bank with regard to the amount of money circulating in the economy, and what that money is worth. While the ultimate objective of monetary policy is to achieve long-term economic growthcentral banks may have different stated goals toward this end. In the U.S., the

What Is Underwriting Risk? Underwriting risk is the risk of loss borne by an underwriter. In insurance, underwriting risk may arise from an inaccurate assessment of the risks associated with writing an insurance policy or from uncontrollable factors. As a result, the insurer’s costs may significantly exceed earned premiums. Key Takeaways Underwriting risk is the

What Are Accounts Uncollectible? Accounts uncollectible are receivablesloans, or other debts that have virtually no chance of being paid. An account may become uncollectible for many reasons, including the debtor’s bankruptcyan inability to find the debtor, fraud on the part of the debtor, or lack of proper documentation to prove that debt exists. Key Takeaways

What Are the Top Five Companies Owned by DuPont? E.I. Du Pont De Nemours and Company, commonly referred to as DuPont, is an American conglomerate founded in 1802 as a gunpowder mill by Éleuthère Irénée du Pont. DuPont is one of the world’s largest producers of chemicals and science-based products. Headquartered in Wilmington, Delaware, DuPont

What Is an Inflation Hedge? An inflation hedge is an investment that is considered to protect the decreased purchasing power of a currency that results from the loss of its value due to rising prices either macro-economically or due to inflation. It typically involves investing in an asset that is expected to maintain or increase