Repurchase agreements involve a temporary exchange of cash against collateral discounted by a haircut,2 with the trade usually reversed within a short period of time. Conversely, margin lending is usually a floating rate loan without a fixed term maturity. In…

Marginal ratios analyze a company’s profitability at different stages of the income statement, from gross profit down to net earnings. By incrementally examining earnings at each level, marginal ratios provide insights into the operating leverage and expense management of a…

Although direct deposit, online bill payment, wires and electronic fund transfers are popular payment types, paper checks are still a viable option. When a check is created and disbursed, it becomes outstanding until it is drawn at the bank. When…