Financial Literacy

Useful Life is known as the specific period of time an asset is estimated to be usable for the purpose in which it was acquired.

Treasury Notes are fixed-income securities issued by the U.S. Treasury with maturities ranging from one to 10 years and coupon payments every six months.

Business valuation is an estimated value or worth of an asset. Investors use their estimated valuations and compare them to market prices.

A trade discount is an amount or rate reduced from the retail price of an item that is agreed upon when sold to a reseller.

Treasury bills are fixed-income securities issued by the U.S. Treasury with maturities of less than one year. They are sold at a discount from face value.

Sum-of-years digits is another accelerated depreciation method that applies a percentage of depreciation based on the years left in an asset’s useful life.

Tax-advantaged accounts allow you to reduce taxes on your income. A traditional IRA is tax-deferred, and a Roth IRA is tax-exempt.

A trailing stop order is a stop-loss policy where a sell order is executed once the stock’s price drops by a specified percentage.