What Is Animal Mortality Insurance? Animal mortality insurance is a type of insurance product that protects the policyholder from financial losses resulting from the death of an animal. It is used in industries in which animals are an important revenue-generating asset, such as dairy farming, zoos, aquariums, and professional horse stables. Key Takeaways Animal mortality
What Is an Ankle Biter? Ankle biter is a slang term for a stock with low market capitalization. Understanding Ankle Biter Ankle biter is also used to describe very young children or possibly a small, aggressive dog. The idea is that both small children and dogs are so small that they can only reach one’s
What Is An Announcement Date? The announcement date is most commonly known as the date on which a company announces important details about a decision that has a high impact on business, or the company’s shareholders. The announcement date is the first day the public receives any information. The term announcement date can also refer
What Is the Announcement Effect? The announcement effect broadly refers to the impact that any type of news or public announcement—especially when issued by government or monetary authorities—has on financial markets. It is most often used when speaking of a change in security prices or market volatility that results directly from a piece of significant news
What Is Annual? The term “annual” refers to an event that occurs once a year. In the financial industry, annual events or reports may include taxes, shareholder meetings, and corporate filings such as a 10-K statement. These types of announcements are in contrast to those reported quarterly, such as a 10-Q or dividend payments. Other
What Is an Annual Mortgage Statement? An annual mortgage statement is a statement sent to a mortgagor by the mortgagee’s servicer. The statement typically indicates the interest paid on a mortgage, the current mortgage balance, the current interest rate, the term of the loan, the amount remaining on the mortgage term, the escrowed taxes and/or
What Is the American Institute of Certified Public Accountants (AICPA)? The American Institute of Certified Public Accountants (AICPA) is a non-profit professional organization representing certified public accountants (CPA) in the United States. Key Takeaways The American Institute of Certified Public Accountants (AICPA) is a non-profit professional organization representing certified public accountants (CPA) in the United
What Is the American Insurance Association (AIA)? The American Insurance Association (AIA), incorporated in 1866, was a leading property and casualty insurance (P&C) trade organization. In early 2019, the AIA merged with the Property Casualty Insurers Association of America (PCI) to form the American Property Casualty Insurance Association (APCIA). The P&C insurance industry is considered
What Is the American Land Title Association (ALTA)? The American Land Title Association (ALTA) is a trade association representing the title insurance industry. Founded in 1907, the ALTA also focuses on a property’s abstract of title, which ties the history of the title to a particular piece of real estate. The organization seeks to improve
What Is the American Opportunity Tax Credit (AOTC)? The American Opportunity Tax Credit (AOTC) is a tax credit for qualified education expenses associated with the first four years of a student’s postsecondary education. The maximum annual credit is $2,500 per eligible student. The student, someone claiming the student as a dependent, or a spouse making
