In trading, fungibility implies the ability to buy or sell the same financial instrument in two or more different markets. A financial instrument (such as a stock, bond, or futures contract) is considered fungible if it can be bought or sold on one market or exchange, and then sold or bought on another market or exchange. There are many fungible financial instruments, with the most popular being stocks listed on multiple exchanges, commodities (such as gold and silver), and currencies....

When hiring, employers will usually include the skill set required to be able to perform the job in the job posting. Read below for examples of job-specific skills, tips for identifying job-specific skills, and advice on how to match your skills and experience to those required for a job. What Are Job-Specific Skills? Job-specific skills are the required skills and abilities that are essential for success on the job. Technical skills, also known as hard skills, are the skills that relate to a specific occupation, while soft skills are those skills (like communication and interpersonal skills) that enable employees to be successful at work....

How to Set Up a Sinking Fund Dedicate an account to hold your sinking fund. It can be a run-of-the-mill savings account, nothing fancy, just a way to segregate the money. Naming it accordingly can help keep you motivated and avoid dipping into it for other things. Give it a tag like “Beth’s New Kitchen” or “Bermuda or Bust!” Now put a reasonable price tag on the expenditure. It can be tempting to go light, but then you might reach the finish line only to realize that you didn’t save enough....

Learn more about what real estate attorneys do, the reasons you might need to hire one, and how to find an attorney. What Does a Real Estate Attorney Do? Real estate attorneys are lawyers who specialize in real estate transactions including facilitating home sales, representing clients in property disputes and other litigation, and conducting investigations regarding a property’s liabilities and compliance. When Should You Hire a Real Estate Attorney? State laws vary regarding whether or not a real estate attorney must be involved in a real estate transaction, and in what way....

The likelihood of defaulting on a payday loan is very high. According to another study, 50% of payday loan borrowers default on a payday loan within two years of taking out the first loan. How Defaults Happen While payday loans typically do not require credit checks, they often require a postdated check or electronic access to your checking account. Once the due date rolls around on a payday loan, you either can make a payment in person or the lender will draft the outstanding balance from your bank account....

If you’re considering a reverse mortgage or already have one, you likely want to know more about what happens to the mortgage when you die. Here’s a closer look at your family’s options, when spouses may have to repay a reverse mortgage loan, and how you may be able to set up a reverse mortgage to meet your long-term goals. How Reverse Mortgages Work When You Die A reverse mortgage is a type of home equity loan that makes regular payments to the borrower over their lifetime....

Unfortunately, not all ETFs are successful. By October 2020, almost 200 ETFs closed. Learn what happens to your money when an ETF closes, what you should do, and what to look for before you invest. Why Does an ETF Close? The main reason that an ETF closes is that the fund is not attracting enough assets from investors. The fund might have a very narrow focus, or it may not be performing well....

Jurisdiction in legal matters Jurisdiction determines what court hears a case. For example, if your business is a limited liability company (LLC) that is organized in a state and is involved in a lawsuit as a result of doing business in that state, the lawsuit may be considered to be under the jurisdiction of that state’s court system. Assessment of taxes These taxes include income taxes, sales taxes, and other taxes on business entities with a tax nexus (presence) in that state....

Since 1945, the Standard & Poor’s (S&P) 500 has returned, on average, 2% between the months of May through October. However, the same index produced an average gain of 6% between November and April. In more recent years, since 1990, these return figures have basically stayed the same, at 3% and 7%, respectively. Alternate name: the Halloween Indicator You’ll often hear Sell in May and Go Away mentioned alongside or interchangeably with “the Halloween Indicator....

Banks are not technically required to provide these disclosures online, but if they allow prospective customers to open an account online, those customers need to have the disclosure before being able to open an account. Although every bank’s website is different, if they have their account disclosures online, you should be able to find them by typing “account disclosure” in the search bar. You’ll most likely be able to see disclosures for a variety of different types of accounts....

If you need help preparing a transfer disclosure statement or have further questions, please consult a real estate lawyer. Real estate agents cannot provide legal advice. Importance of the Transfer Disclosure Statement This multi-page document is often used as supporting evidence in court when a buyer decides to sue a seller for non-disclosure. That is why it’s very important that sellers fill it out correctly and disclose all pertinent information....

Captives made their debut in the U.S. in the late 1950s. States regulated them like insurance companies so establishing and operating a captive in the U.S. was very expensive. The few businesses that used captives created them offshore (in a foreign country) to save money. The number of captives increased substantially in the 1980s, when product liability, medical malpractice, and other liability coverages became difficult or impossible to obtain. Nowadays, businesses use captives in hard and soft markets to obtain a wide range of property/casualty coverages....

In general, commodities are not good choices for individual investors, due to their bulk nature. Many businesses, though, rely on them. They are vital for many industries from packaged food to airlines. A commodity can be a natural resource or agricultural product. Some kinds are: Wheat, corn, soybeans, or other bulk foodsCattle or other livestockCottonLumberSugarPrecious metals, such as goldDomestic and foreign currenciesCoal, oil, and other fossil fuels Commodities are used to produce other goods and services....

The analysis can be used to help decide almost any course of action, but its most common use is to decide whether to proceed with a major expenditure. Since it’s based on adding positive factors and subtracting negative ones to get a net result, it is also known as running the numbers. Example Where A Cost-Benefit Analysis May Be Helpful For example, a business has to make a choice between two paths it could take....

Perhaps the most well-known example of a Dutch auction occurred in 2004 when Google went through an IPO. In a traditional IPO, the investment banks managing the IPO communicate with mutual funds, preferred clients, and other investors to determine an appropriate IPO price. But in the case of Google’s IPO, the company decided to use a Dutch auction. While Google ultimately managed to raise more than $1 billion of capital during its IPO, there’s some debate as to whether it was the most efficient pricing mechanism....

Revenues generated by the tax are distributed across various government programs that benefit the population at large, not just those individuals who can afford to make purchases that would trigger the tax. Supporters of the tax often argue that it also bolsters the U.S. auto industry because many high-priced cars are subject to this tax, and they’re imported from other countries. Examples of a Luxury Tax A luxury tax is a percentage that’s added to the purchase price of an applicable product....

Perhaps the most popular example of a meme coin is Dogecoin, which is a cryptocurrency that features the image of a popular Shiba Inu dog that went viral as an internet meme. The dog in the meme was referred to as “Doge,” which became the inspiration for the name Dogecoin. Dogecoin was created in 2013 as a fun alternative to mainstream cryptocurrencies, and for several years, its price remained well below one cent....

Learn more about what pay-as-you-go pension plans are, how they work, and about the different ways they may be funded. Understand the pros and cons of pay-as-you-go pension plans to help you determine if they’d be a good retirement savings tool for you. Definition and Examples of Pay-As-You-Go Pension Plans A pay-as-you-go pension plan is an employer-sponsored retirement plan that is funded with ongoing regular payments instead of an initial lump sum that is invested toward retirement goals....

Under a pension plan, employees receive a set income during retirement that is related to how long they worked at the company. The income is funded by the employer rather than the employee. Pension plans have a history dating back to 1875 when the first corporate pension plan was established in the U.S. at the American Express Company. Since the 1980s, however, pension plans have been gradually phased out and replaced with defined-contribution plans, like the 401(k)....

Reset rates apply to many different types of loans. Here’s how they impact your loans and payments. Definition and Examples of a Reset Rate A reset rate is the change in a variable interest rate dependent on market conditions. Fixed interest rates don’t change over the life of your loan. Variable interest rates, however, fluctuate. You might start out with a low interest rate, but it could go up if benchmark rates change....