What Is Scrap Value? Scrap value is the worth of a physical asset’s individual components when the asset itself is deemed no longer usable. The individual components, known as scrap, are worth something if they can be put to other uses. Sometimes scrap materials can be used as-is and other times they must be processed
What Is the Santiago Stock Exchange (SSE)? The Santiago Stock Exchange (SSE) is the premier stock exchange of Chile. Located in Santiago, the SSE trades more than $2 billion each day in stocks, bonds, investment funds, and derivatives, along with gold and silver Chilean coins. Its goal is to provide the nation with growth in
What Is the São Paulo Stock Exchange? The São Paulo Stock Exchange is a stock and over-the-counter market based in Sao Paulo, Brazil. Founded in 1890 as Bolsa de Valores de São Paulo (BOVESPA), it is now part of B3 SA or Brasil, Bolsa, Balcão. B3 was formed following the 2008 merger of the exchange with the Brazilian
What Are the Statutory Accounting Principles (SAP)? The Statutory Accounting Principles (SAP) are a set of accounting regulations prescribed by the National Association of Insurance Commissioners (NAIC) for the preparation of an insurance firm’s financial statements. The overarching objective of SAP is to assist state regulators in monitoring the solvency of insurance companies. Key Takeaways The Statutory
What Are Stock Appreciation Rights? Stock appreciation rights (SARs) are a type of employee compensation linked to the company’s stock price during a predetermined period. SARs are profitable for employees when the company’s stock price rises, which makes them similar to employee stock options (ESOs). However, employees do not have to pay the exercise price
What Is the Sarbanes-Oxley (SOX) Act of 2002? The Sarbanes-Oxley Act of 2002 is a law the U.S. Congress passed on July 30 of that year to help protect investors from fraudulent financial reporting by corporations. Also known as the SOX Act of 2002, it mandated strict reforms to existing securities regulations and imposed tough
What Is Satisfaction and Release? Satisfaction and release is a document stating that a consumer has paid the full amount of debt that was owed to a creditor under a court judgment. A satisfaction and release prevents creditors from attempting to recover more money from the borrower or consumer. A satisfaction and release document states
What Is a Satisfaction of Mortgage? A satisfaction of mortgage is a document that confirms a mortgage has been paid off and details the provisions for the transfer of collateral title rights. Mortgage lenders are required to prepare satisfaction of mortgage documents that must be signed by all parties associated with the mortgage loan and
What Is Satisficing? Satisficing is a decision-making strategy that aims for a satisfactory or adequate result, rather than the optimal solution. Instead of putting maximum exertion toward attaining the ideal outcome, satisficing focuses on pragmatic effort when confronted with tasks. This is because aiming for the optimal solution may necessitate a needless expenditure of time, energy
What Is a Satoshi? The satoshi is the smallest denomination of the cryptocurrency bitcoin. It is named after Satoshi Nakamoto, the Bitcoin creator(s). The satoshi to bitcoin ratio is 100 million satoshis to one bitcoin. Key Takeaways A satoshi is the smallest denomination of bitcoin, equivalent to 100 millionth of a bitcoin.Bitcoins can be split
