Provisional Income

What is ‘Provisional Income’ Provisional income is an IRS threshold above which social security income is taxable. The base, from §86 of the Internal Revenue Code (IRC), triggers taxability social security benefits requiring its inclusion in gross income tax payment on excess amounts. BREAKING DOWN ‘Provisional Income’ For the 2017 tax year, fifteen percent (15%) of all social security benefits remain tax-free. The remaining eighty-five … Read more

The Wall Street Journal: Casino billionaire Adelson may help fund U.S. embassy in Jerusalem

WASHINGTON—The State Department will open its embassy in Jerusalem in May and is entertaining an unusual offer from Sheldon Adelson, Republican Party donor and casino magnate, to help pay for a new facility after an initial move from Tel Aviv, U.S. officials said. Secretary of State Rex Tillerson late Thursday signed off on security plans … Read more

Liberalization Clause

What is ‘Liberalization Clause’ A liberalization clause is an insurance policy provision allowing adjustments to existing coverage to comply with changes to laws and regulations. Property insurance is the most likely place to find a liberalization clause. BREAKING DOWN ‘Liberalization Clause’ In the United States, each state primarily regulates the sale of insurance policies. State laws … Read more

Outside Sales

What is ‘Outside Sales’ Outside sales is the sale of products or services by sales personnel who go out into the field to meet with prospective customers. Outside sales professionals tend to work autonomously outside a formal office and formal team environment. They often travel to meet customers face-to-face, as well as to maintain relationships … Read more

CryptoWatch: Bitcoin bounces but gains could be limited

iStockphoto / MarketWatch photo illustration After a two-day selloff, major cryptocurrencies saw moderate gains Friday as they looked to claw back losses in what’s been a tumultuous few days for crypto investors. The 48-hour slide saw the No. 1 digital currency, bitcoin BTCUSD, +2.37%  lose as much as $2,000, trading below $9,600 late Thursday. Bitcoin … Read more

The World's Top 10 Investment Banks

Investment banking is a stream of banking that primarily focuses on capital financing for global and local businesses, individuals and even governments. These diversified finance requirements can be in the form of equity/debt IPO, bonds offering, mergers and acquisitions, portfolio management, etc.  How are investments banks ranked? While there can be several criteria, the easy ones to look at are … Read more

NewsWatch: There’s a new volatility ‘witching hour’ puzzling stock traders

MARKETWATCH FRONT PAGE Recent trading trends in equities markets have proved quizzical for some market participants, leading to a few theories about what’s at hand. See full story. Warren Buffett’s letter to investors: 5 things to watch Warren Buffett releases his annual letter to Berkshire Hathaway shareholders Saturday. Here are some likely highlights. See full … Read more

Title Insurance

What is ‘Title Insurance’ Title insurance is indemnity insurance that protects the holder from financial loss sustained from defects in a title to a property. The most common type of title insurance is lender’s title insurance, which the borrower purchases only to protect the lender. Owner’s title insurance, paid for by the seller to protect … Read more