What is Permanent Capital Vehicle – PCV?
An investment entity for managing capital for an unlimited time horizon. A PCV is typically geared toward growing capital at the best long-term rate, and is therefore less focused on shorter-term performance. Read more for examples and further explanation including related video clips and also comments
Continue reading “Permanent Capital Vehicle – PCV definition explanation”
Tag: college
Master Of Business Administration – MBA definition explanation
What is Master Of Business Administration – MBA?
A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates gain a better understanding of general business management functions. The MBA degree can have a specific focus such as accounting, finance or marketing. Read more for examples and further explanation including related video clips and also comments
Continue reading “Master Of Business Administration – MBA definition explanation”
Investment definition explanation
What is Investment?
An asset or item that is purchased with the hope that it will generate income or appreciate in the future. In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or appreciate and be sold at a higher price. Read more for examples and further explanation including related video clips and also comments
Continue reading “Investment definition explanation”
Blue Collar definition explanation
What is Blue Collar?
A working-class person historically defined by hourly rates of pay and manual labor. A blue collar worker refers to the fact that most manual laborers at the turn of the century wore blue shirts, which could hold a little dirt around the collar without standing out.
This working class stands in contrast to white collar workers, which historically have had the higher-paying, salaried positions to go with their clean and pressed white shirts. Read more for examples and further explanation including related video clips and also comments
Continue reading “Blue Collar definition explanation”
Opportunity Cost definition explanation
What is Opportunity Cost?
1. The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action.
2. The difference in return between a chosen investment and one that is necessarily passed up. Say you invest in a stock and it returns a paltry 2% over the year. In placing your money in the stock, you gave up the opportunity of another investment – say, a risk-free government bond yielding 6%. In this situation, your opportunity costs are 4% (6% – 2%). Read more for examples and further explanation including related video clips and also comments
Continue reading “Opportunity Cost definition explanation”
Consortium definition explanation
What is Consortium?
A group made up of two or more individuals, companies or governments that work together toward achieving a chosen objective. Each entity within the consortium is only responsible to the group in respect to the obligations that are set out in the consortium’s contract. Therefore, every entity that is under the consortium remains independent in his or her normal business operations and has no say over another member’s operations that are not related to the consortium. Read more for examples and further explanation including related video clips and also comments
Continue reading “Consortium definition explanation”
TIAA-CREF definition explanation
What is TIAA-CREF?
A nonprofit organization that provides investment and insurance services for those working in education, medicine, culture and research. TIAA-CREF, short for Teachers Insurance and Annuity Association – College Retirement Equities Fund, has a history that dates back to the late Andrew Carnegie, whose Carnegie Foundation for the Advancement of Teaching created the initial organization in order to service the pension needs of professors. Read more for examples and further explanation including related video clips and also comments
Continue reading “TIAA-CREF definition explanation”
Second Mortgage definition explanation
What is Second Mortgage?
A type of subordinate mortgage made while an original mortgage is still in effect. In the event of default, the original mortgage would receive all proceeds from the liquidation of the property until it is all paid off. Since the second mortgage would receive repayments only when the first mortgage has been paid off, the interest rate charged for the second mortgage tends to be higher and the amount borrowed will be lower than for the first mortgage. Read more for examples and further explanation including related video clips and also comments
Continue reading “Second Mortgage definition explanation”
Connie Lee – College Construction Loan Insurance Association – CCLIA definition explanation
What is Connie Lee – College Construction Loan Insurance Association – CCLIA?
A formerly government-sponsored enterprise created by the Higher Education Amendments of 1986. The sole purpose of this organization was to insure and reinsure debt instruments that were issued by universities, colleges and other educational institutions to help fund building initiatives.
This organization’s acronym has the same naming scheme as other government organizations like Fannie Mae, Ginnie Mae and Freddie Mac. Read more for examples and further explanation including related video clips and also comments
Continue reading “Connie Lee – College Construction Loan Insurance Association – CCLIA definition explanation”
Gift Tax definition explanation
What is Gift Tax?
A federal tax applied to an individual giving anything of value to another person. For something to be considered a gift, the receiving party cannot pay the giver full value for the gift, but may pay an amount less than its full value. It is the giver of the gift who is required to pay the gift tax. The receiver of the gift may pay the gift tax, or a percentage of it, on the giver’s behalf in the event that the giver has exceeded his/her annual personal gift tax deduction limit. Read more for examples and further explanation including related video clips and also comments
Continue reading “Gift Tax definition explanation”