What Is an Irredeemable Convertible Unsecured Loan Stock (ICULS)? An irredeemable convertible unsecured loan stock (ICULS) is a hybrid security that has some qualities of a debt instrument and some characteristics of an equity warrant. Like a bond, an ICULS pays a fixed interest coupon to the holder semi-annually or annually at a predetermined rate.
What Is an Individual Development Account (IDA)? An individual development account (IDA) is a type of savings account designed to help low-income individuals build assets and achieve financial stability and long-term self-sufficiency. People use IDAs to save money to start a business, pay for education, or buy a home. Key Takeaways An individual development account (IDA) is
What Is the Inter-American Development Bank (IDB)? The Inter-American Development Bank (IDB) is a cooperative development bank founded in 1959 to accelerate the economic and social development of its Latin American and Caribbean member countries. It is owned by a total of 48 member countries, including the U.S. and some European nations. The bank provides
What Is the Institutional Deposits Corporation (IDC)? The term Institutional Deposits Corporation (IDC) refers to an organization that allows investors to make large deposits and still receive Federal Deposit Insurance Corporation (FDIC) insurance for the entire amount. Founded in 2000, the IDC oversees the Money Market Account Xtra (MMAX) program, which provides depositors with an efficient way to
What Is Ideation? Ideation refers to the process of developing and conveying prescriptive ideas to others, typically in a business setting. It describes the sequence of thoughts, from the original concept to implementation. Ideations can spring forth from past or present knowledge, external influences, opinions, convictions, or principles. Ideation can be expressed in graphical, written
What Is an Identifiable Asset? An identifiable asset is an asset whose commercial or fair value can be measured at a given point in time, and which is expected to provide a future benefit to the company. These assets are an important consideration in the context of mergers and acquisitions. Because not all assets on
What Is the Income Exclusion Rule? The income exclusion rule sets aside certain types of income as non-taxable. There are many types of income that qualify under this rule, such as life insurance death benefit proceeds, child support, welfare, and municipal bond income. Income that is excluded is not reported anywhere on Form 1040. Key
Identity Fraud Reimbursement Program: An Overview An Identity Fraud Reimbursement Program is insurance that protects their policyholders from losses associated with identity theft. Sometimes referred to as identity theft insurance, identity fraud reimbursement programs are offered both as stand-alone products and as add-ons to broader insurance policies such as homeowners insurance or car insurance. Key
What Is Identity Theft? Identity theft is the crime of obtaining the personal or financial information of another person to use their identity to commit fraud, such as making unauthorized transactions or purchases. Identity theft is committed in many different ways and its victims are typically left with damage to their credit, finances, and reputation.
What Is the Institute for Divorce Financial Analysts (IDFA)? The Institute for Divorce Financial Analysts (IDFA) is an organization committed to educating financial professionals about specific issues relating to divorce. The Institute for Divorce Financial Analysts certifies members who complete its modular study program, which highlights divorce tax law and asset distribution. People going through
