What Are Savings? Savings refers to the money that a person has left over after they subtract out their consumer spending from their disposable income over a given time period. Savings, therefore, represents a net surplus of funds for an individual or household after all expenses and obligations have been paid. Savings are kept in
What Is a Savings Club? A savings club is a type of bank account in which the account holder makes regular contributions toward a predetermined goal. A typical example is so-called Christmas clubs, in which the customer makes regular contributions throughout the year and withdraws the amount saved before the Christmas holidays. These clubs are
What Is a Savior Plan? A savior plan is a type of leveraged buyout plan employed when a failing company’s management and employees borrow money to invest in the company in an attempt to save it. Key Takeaways A savior plan is a type of leveraged buyout plan employed when a failing company’s management and
What Is Say’s Law of Markets? Say’s Law of Markets comes from chapter XV, “Of the Demand or Market for Products” of French economist Jean-Baptiste Say’s 1803 book, Treatise on Political Economy, Or, The Production, Distribution, and Consumption of Wealth. It is a classical economic theory that says that the income generated by past production
What Is the Solomon Islands Dollar (SBD)? The Solomon Islands Dollar (SBD) is the national currency of the Solomon Islands, a sovereign nation located in the Pacific Ocean whose landmass consists of a chain of hundreds of small islands. Key Takeaways The Solomon Islands are an island chain in the Pacific Ocean.The Islands were a
What Is an SBO 401(k)? A SBO 401(k) is a tax-deferred, government-registered retirement savings plan that is specially designed for small business owners (SBOs). Eligible participants for a SBO 401(k) are businesses that employ the business’s owners and their spouses. The business must not have any other eligible employees. It is also known as an
What Is Scalability? Scalability refers to the ability of an organization (or a system, such as a computer network) to perform well under an increased or expanding workload. A system that scales well will be able to maintain or increase its level of performance even as it is tested by larger and larger operational demands.
What Is to Scale Out? To scale out is the process of selling off portions of total shares held while the price increases. To scale out, or scaling out, means to exit a position by selling in increments as the price of the stock climbs. Key Takeaways To scale out of a trade is to
What Is a Saitori? A saitori is a member of a Japanese stock exchange who is responsible for fulfilling market-making responsibilities and executing orders on behalf of stockbrokers. Their function is therefore similar to the specialists of the New York Stock Exchange (NYSE). The majority of saitoris are employed by the Tokyo Stock Exchange (TSE)
What Is a Salary Freeze? A salary freeze refers to when a company suspends salary or wage increases for a period of time, typically due to financial constraints. By freezing salary increases for a certain period, an employer is hoping that the organization will be able to produce better bottom-line results by keeping fixed costs
