What Is a Firm? A firm is a for-profit business organization—such as a corporation, limited liability company (LLC), or partnership—that provides professional services. Most firms have just one location. However, a business firm consists of one or more physical establishments, in which all fall under the same ownership and use the same employer identification number (EIN).
What Is a First Mortgage? A first mortgage is a primary lien on a property. As the primary loan that pays for a property, it has priority over all other liens or claims on a property in the event of default. A first mortgage is not the mortgage on a borrower’s first home; it is
What Is the First Amendment? The First Amendment, passed by Congress on Sept. 25, 1789 and ratified on Dec. 15, 1791, protects the freedoms of Speech, Religion, Press, Assembly, and Petition for Americans. Key Takeaways The First Amendment, passed by Congress on Sept. 25, 1789 and ratified on Dec. 15, 1791, protects the freedoms of
Thomson First Call: An Overview Thomson ONE Analytics, formerly called Thomson First Call, is an investment research and data service. It is widely used by professionals in the financial services industry and is a source of news and information for many in the financial media. Some of its features are still branded with the First
What Is a First Mover? A first mover is a service or product that gains a competitive advantage by being the first to market with a product or service. Being first typically enables a company to establish strong brand recognition and customer loyalty before competitors enter the arena. Other advantages include additional time to perfect
What Is First Notice Day? A First Notice Day (FND) is the day after which an investor who has purchased a futures contract may be required to take physical delivery of the contract’s underlying commodity. The first notice day can vary by contract and will also depends on exchange rules. If the first business day
What Is Financial Modeling? Financial modeling is the process of creating a summary of a company’s expenses and earnings in the form of a spreadsheet that can be used to calculate the impact of a future event or decision. A financial model has many uses for company executives. Financial analysts most often use it to
What Is Financial Performance? Financial performance is a subjective measure of how well a firm can use assets from its primary mode of business and generate revenues. The term is also used as a general measure of a firm’s overall financial health over a given period. Analysts and investors use financial performance to compare similar
What Is a Financial Planner? A financial planner works with clients to help them manage their money and reach their long-term financial goals. A financial planner needs a thorough knowledge of personal finance, taxes, budgeting, and investing. They may specialize in tax planning, asset allocation, risk management, retirement planning, or estate planning, Many draw their
What Is the Financial Planning Association? The Financial Planning Association is a professional organization for financial planners. Based in Denver, Colorado, the Financial Planning Organization promotes education and professional ethics in the field while also helping potential clients locate qualified financial planners in their area. Key Takeaways The Financial Planning Association is a US-based professional
