finance

banking

Overview:

Banks and bank accounts are regulated by both state and federal statutes. Bank accounts may be established by national and state chartered banks and savings associations. All are regulated by the law under which it was established...

bankruptcy fraud

Bankruptcy fraud is a white-collar crime that commonly takes four general forms:

A debtor conceals assets to avoid having to forfeit them. An individual intentionally files false or incomplete forms. Including false information on a...

basis

Under U.S. tax law, basis is the cost or value of an asset – used to determine equity or ownership for the purpose of tax assessment, exchange, or sale. It generally includes purchase price, taxes, transportation costs, and fees, and is...

basis point

A basis point (often abbreviated as bp) is a unit of measurement that denotes a change in the interest rate of a financial instrument and is equal to 1/100th of 1% or 0.01%. It is a usual practice in the financial industry to use basis points...

BCRA

Overview:

The Bipartisan Campaign Reform Act (BCRA) was signed into law in March of 2002. On the same day that BCRA became official federal policy, Senator Mitch McConnell and the National Rifle Association (NRA) both filed complaints...

beneficial ownership

A beneficial ownership is a trust arrangement whereby the beneficial owner of a security has the power to vote on and influence decisions regarding that security, and receives the benefit afforded by the security, even though in street name...

beneficiary

A beneficiary is an individual who receives benefits from a transaction via a contract (such as an insurance policy), a will, or trust.

Wills and Trusts:

A beneficiary is an individual named in a will, revocable trust, or...

bill

A bill is a formal or public writing or declaration of one’s claim against another:

A bill may be an equitable pleading of a claim in a court of equity. At early common law, a bill in equity was analogous to a declaration in law...

bill of exchange

A bill of exchange, a short-term negotiable instrument, is a signed, unconditional, written order binding one party to pay a fixed sum of money to another party on demand or at a predetermined date. A bill of exchange is sometimes called...

bill of sale

A bill of sale is a written instrument that attests to a buyer’s purchase of property from a seller. In this way, it is similar to a receipt. A bill of sale generally includes the transacting parties’ contact information, a description of the...

Pages