Massive Board

Massive Board

What Is the Big Board? The “Big Board” is a nickname for the New York Stock Exchange (NYSE), located at 11 Wall Street, New York City, New York. The New York Stock Exchange, or Big Board, is the oldest stock exchange in the United States.  Key Takeaways The “Big Board” is a slang term used

What Are the Massive 4 Accounting Corporations? Definition and Critique

What Are the Massive 4 Accounting Corporations? Definition and Critique

What Are the Big Four? The “Big Four” is the nickname for the four largest accounting firms in the United States, as measured by revenue. They are Deloitte, Ernst & Young (EY), PricewaterhouseCoopers (PwC), and Klynveld Peat Marwick Goerdeler (KPMG). Aside from auditing services, the Big Four offer tax, strategy and management consulting, valuation, market research

Beneficiary Clause Definition

Beneficiary Clause Definition

What Is a Beneficiary Clause? A beneficiary clause is a provision in a life insurance policy or other investment vehicle such as an annuity or individual retirement account (e.g., an IRA), that permits the policy owner to name individuals as primary and secondary beneficiaries. Key Takeaways The beneficiary clause in a financial product or contract designates

Benefit-Expense Ratio Definition

Benefit-Expense Ratio Definition

What Is the Benefit-Expense Ratio? The insurance industry uses the benefit-expense ratio to describe the proportion of money taken in by a company compared to the amount paid out in claims. It is a crucial operating metric calculated by dividing a company’s costs associated with providing insurance coverage by the revenues from premiums charged for that coverage. It is