Financial Literacy

A sole proprietorship is owned by an individual, and the individual is responsible for all debts of the business. It is not a separate entity.

The Securities and Exchange Commission (SEC) is a federal organization that governs and enforces the laws of the security industry.

The company has partnerned with Pagaya (a fintech company) and plans to integrate Pagaya’s tech into SoFi’s product offerings.

Salvage value is the estimated book value of a depreciable asset at the end of its expected useful life that helps calculate depreciation.

Straight-line depreciation is calculated by subtracting the salvage value from the asset’s cost and dividing it by the years estimated for its useful life.

A recession is so much more than a simple measure of economic decline. Here’s what investors need to know.

A prospectus is a legal document provided to investors who are interested in a financial security and need to make an informed decision.

A registered investment advisor (RIA) is an individual who has undergone financial investment training and completed certification.