What is a Sovereign Default?
The inability of a government to repay its debts to its creditors, like any defaulting individual or business.
What is a Sovereign Wealth Fund?
A state-owned investment fund that invests in assets such as real estate, stocks, bonds, private businesses, and alternative investments.
What is Crude Oil?
Crude oil is obtained from drilling in the Earth’s core. It is composed of organic matter and hydrocarbon, and used as a fossil fuel.
What is Mergers and Acquisitions?
A merger occurs when one company merges with one or more companies to form a new entity. An acquisition occurs when one company acquires another company.
What is a Wealth Tax?
A tax on the net market value of the assets owned by a taxpayer. It is a controversial and rare form of taxation. Most countries tax annual income, not wealth.
What is an Auditor’s Report?
An auditor’s report is a written letter from the auditor containing their opinion on whether a company’s financial statements comply with GAAP and are free from material misrepresentation.
What is a Dynasty Trust?
A type of trust that is set up to minimize or defer estate taxes for multiple generations of a family.
What is a Trust?
Agreement in which a Trustor gives his right to hold and manage his assets to a Trustee. Trustee holds and manages the assets for the benefit of a Beneficiary.
What is a Cryptocurrency?
A digital currency secured by cryptography issued on a decentralized network in a ledger enforced by a network of computers called blockchain technology.
What is CIPS?
Chinese alternative to SWIFT. It’s a financial communication tool that enables its members to communicate and execute financial payments.