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Contracts - Definition A "Contract" is a legally binding agreement between two parties (people, companies, or both). Having a contract means that if one party does not keep their word, the other can sue them in court to either force them to fulfill their side of the agreement, or pay back compensation. What Makes A Contract Binding? Not every agreement is a binding contract, but every contract has a few necessary parts. Consideration "Consideration" means both parties… Read More...Business
Personal Finance
Building An Investing Strategy - An "Investing Strategy" is a plan for how to save money to help it grow. Sometimes an "investing strategy" can just mean "plan for trading stocks", but it really means a lot more. Liquidity, Risk,… Read More...Property Rights - Property rights is the foundation of all free-enterprise economic systems. It is what allows people to profit from capital and ideas, without fear of seizure by the government or theft. Definition “Property Rights” usually refers… Read More...
Planning for Retirement - When should someone start planning for retirement? Fidelity Investments recommends most young people try to save up 2x their annual salary by the time they turn 35, which is a pretty good benchmark to shoot… Read More...
Managing Debt - To be "In Debt" means to owe money to someone else, usually making fixed payments to pay back the amount over time, plus interest. Debt means different things to different people - having some debt… Read More...