What Is an Endowment? Policies & Requirements
An endowment is a financial gift bestowed to a nonprofit organization or public institution, such as a university, hospital, or...
What Is a Purchase-Money Mortgage? Types & Benefits
A purchase-money mortgage is a type of home loan in which the borrower uses the loan to finance the purchase...
What Is a Capital Loss Carryover? Tax-Loss Harvesting
Capital Loss Carryover: When you sell an asset for less than you paid for it, the difference is called a...
How to Calculate EBIT: Formula & EBIT vs. EBITDA
How to calculate EBIT? Earnings before interest and taxes (EBIT) is an important measure of financial performance. It's calculated by...
Ancillary Benefits Definition: Voluntary vs. Employer-Contributory
Employers have long been aware of the ancillary benefits associated with offering their employees health insurance. In addition to providing...
Market Risk Premium: Concepts, Uses & Explanation
The market risk premium is the extra return investors require to hold risky assets over safe assets. The market risk...
Put Credit Spreads: Setup, Risks & Example
When an investor is bearish on a particular stock, but does not want to sell the shares outright, they may...
Low Float Stocks: Importance, Benefits & Reasons
Low float stocks are a great investment for several reasons. Low float stocks are those that have a small number...
Intentionally Defective Grantor Trust: Selling & Funding
An intentionally defective grantor trust, also known as a "grantor retained annuity trust" or "GRAT," is a trust that allows...
Are There Any Trillionaires? Know the Possibilities
In a world of more than 7.5 billion people, it is not surprising that there are a few billionaires. But,...