Bitcoin's Price Drops Below $6,000 to Hit 2018 Low

The price of bitcoin slid below $6,000 on Friday to hit the lowest point in 2018. CoinDesk’s Bitcoin Price Index (BPI) fell to $5,938.18 at 21:51 UTC, surpassing the prior low of $5,947, which occurred on…


Incipient Default

DEFINITION of ‘Incipient Default’ Incipient default occurs when a borrower appears to be heading toward defaulting on its debt. Incipient means the beginning stages of something. A borrower in incipient default happens when a borrower’s…


Will Variation

What is a ‘Will Variation’ Will Variation permits a decedent’s surviving spouse or children to contest a will, particularly under Canadian law, in cases where the will does not provide them adequate support. BREAKING DOWN…


SEC Form DEFR14A

DEFINITION of ‘SEC Form DEFR14A’ SEC Form DEFR14A is required to be filed with the SEC to revise definitive proxy information previously filed in a form DEFA14A. When a company releases a proxy statement soliciting shareholder votes…


Forbes 500

DEFINITION of ‘Forbes 500’ The Forbes 500 was an annual list of the top 500 U.S. companies published by Forbes magazine. The list was determined by ranking and scoring U.S. companies across five different categories. Companies were…


The Institute Of Chartered Accountants Of Scotland – ICAS

DEFINITION of ‘The Institute Of Chartered Accountants Of Scotland – ICAS’ The Institute of Chartered Accountants of Scotland (ICAS) is the world’s first professional body of accountancy professionals. The Institute of Chartered Accountants of Scotland received…


Backwardation

Loading the player… What is ‘Backwardation’ Backwardation relates to the price of a futures contract and the contract’s time to expire. As the contract approaches expiration, the futures contract trades at a higher price compared to…


Bad Debt Reserve

What is a ‘Bad Debt Reserve’ A bad debt reserve is the dollar amount of receivables that a company or financial institution does not expect to actually collect. This includes business payments due and loan…