What Is the Iceland Krona (ISK)? The Iceland krona (ISK) refers to the official national currency of Iceland. The krona is represented by the symbols kr and Íkr and is abbreviated as ISK in the international currency market. The currency is issued and managed by the Central Bank of Iceland. The krona was established in
What Is Islamic Banking? Islamic banking, also referred to as Islamic finance or Shariah-compliant finance, refers to financial activities that adhere to Shariah (Islamic law). Two fundamental principles of Islamic banking are the sharing of profit and loss and the prohibition of the collection and payment of interest by lenders and investors. Key Takeaways Islamic
What Is an Island Reversal? An island reversal is a price pattern on bar charts or candlestick charts that, on a daily chart, features a grouping of days separated on either side by gaps in the price action. This price pattern suggests that prices may reverse whatever trend they are currently exhibiting, whether from upward
What Is the IS-LM Model? The IS-LM model, which stands for “investment-savings” (IS) and “liquidity preference-money supply” (LM) is a Keynesian macroeconomic model that shows how the market for economic goods (IS) interacts with the loanable funds market (LM) or money market. It is represented as a graph in which the IS and LM curves
What Is an Irrevocable Trust? The purpose of an irrevocable trust is to move the assets from the grantor’s control and name to that of the beneficiary. This reduces the value of the grantor’s estate in regard to estate taxes and protects the assets from creditors. Irrevocable trusts cannot be modified, amended, or terminated without
WHAT IS IRS Publication 225 or Farmer’s Tax Guide IRS Publication 225, or the Farmer’s Tax Guide, is a document published by the Internal Revenue Service. BREAKING DOWN IRS Publication 225 or Farmer’s Tax Guide IRS Publication 225, or the Farmer’s Tax Guide, is a document that helps individuals involved in agribusiness navigate the farming-specific
What is IRS Publication 334: Tax Guide for Small Business? IRS Publication 334: Tax Guide for Small Business is a guide for individuals who are required to fill out Schedule C to report income. Published by the Internal Revenue Service (IRS), the guide is a reference for people who operate as the sole proprietor of
What Is IRS Publication 463: Travel, Gift, and Car Expenses? IRS Publication 463: Travel, Gift, and Car Expenses explains the expenses associated with business activities that an individual taxpayer can deduct to reduce their overall taxable income. The document primarily focuses on expenses for sole proprietors reporting business income on Schedule C. It also applies
What Is IRS Publication 501? IRS Publication 501 is published by the Internal Revenue Service (IRS) that covers tax exemptions and the amount of the standard deduction. This informational document also explains who must file a tax return and what filing status should be used, as well as information on dependents and how to account
What Is IRS Publication 503: Child and Dependent Care Expenses? IRS Publication 503 is a document published every year by the Internal Revenue Service (IRS) laying out the criteria that must be met for an American taxpayer to claim the Child and Dependent Care Credit. A child and dependent care expense could be anything paid
