Get smart about money! This part of our site is all about the stuff they teach in business school. We’ll walk you through the ins and outs of cash, banks, stocks, and big money numbers. It’s not as hard as it sounds—we make it so easy that even a kid could understand.
We’ve got many articles on running a company, tracking where your money goes, and how the money world works. Our guides will give you the lowdown on accounting, which is just a fancy word for keeping track of your dollars. We’ll also dive into economics—the big picture of how money moves around town and worldwide.
Don’t worry about getting lost in the jargon.
We’ll break it down into plain English, a cinch to read. No need to be a math whiz either. You’re all set if you can count to ten and know your pluses from your minuses. We’ll avoid the head-scratching theories and stick to the essential bits.
So, this is the spot for you whether you’re keen to start your own biz, get a handle on your piggy bank, or just want to sound smart at parties. We’ve got your back with the inside scoop on all things money. Let’s get cracking!
Collection policies help businesses get paid on time when they let customers buy things on credit. These policies spell out exactly what happens when customers don’t pay their bills by the due date. Companies need strong collection policies to protect their money and keep their business running smoothly. What Makes Up a Collection Policy A…
A collecting bank manages payment orders between people and businesses. Think of it as the middleman that deals with checks and trade payments. These banks serve two main roles – they process regular payment orders like checks, and they handle special trade deals where goods travel across borders. Regular Payment Processing When someone writes you…
Okay, so you’ve probably heard the term “Collateralized Mortgage Obligation” or “CMO” thrown around but have no idea what it actually means. Don’t worry, we’re gonna break it down for you in a way that’s easy to understand. A CMO is basically a fancy way of packaging up a bunch of mortgages and reselling them…
A collateralized debt obligation, or CDO for short, is a complicated financial product that banks create to deal with credit risk. Credit risk is the possibility that borrowers won’t pay back the money they’ve borrowed. Banks face this risk whenever they lend money or buy bonds and other debt. CDOs provide a way for banks…
A collateralized bond obligation, or CBO for short, is a financial product that takes a bunch of bonds and repackages them into something new that can be sold to investors. These bonds are usually ones that have some risk of the company not paying back all the money they owe. This risk is called “credit…
Collateral trust bonds are a special kind of bond. Companies sell them to borrow money. But they’re different from most bonds in a significant way. You see, when a company sells a regular bond, they’re promising to pay back the money to the bond buyers later on. The company gets cash now and the bond…
Collateral risk is the chance of losing money because of problems with collateral. Collateral is something valuable that a borrower gives to a lender to secure a loan. If the borrower doesn’t pay back the loan, the lender gets to keep the collateral. But sometimes there can be issues with the collateral itself. Maybe it’s…
A collateral pool is a group of assets that are used in a special financial arrangement called securitization. In securitization, a company takes a bunch of similar assets it owns, like home loans or car loans that people owe them money on, and puts them together into one big pool. This pool is then used…
Collateral assets are things of value that someone borrows money against. They help make sure the person lending the money will get paid back. Common types of collateral assets include: How collateral assets work When you borrow money from a bank or other lender, they take a risk trusting you’ll pay them back. This is…
Cold calling means when a broker, salesperson, or marketer calls someone they don’t know to sell them something or get their business. They get the person’s name and number from phone books or lists of people they buy. The person they call isn’t expecting the call and hasn’t shown interest in what the caller is…
