What Is a High-Net-Worth Individual (HNWI)?The term high-net-worth individual (HWNI) refers to a financial industry classification denoting an individual with liquid assets above a certain figure. People who fall into this category generally have at least $1 million in liquid financial assets. The assets held by these individuals must be easily liquidated and cannot include things like property or fine art. HNWIs often seek the assistance of financial professionals in order to manage their mo...

What Is a High-Net-Worth Individual (HNWI)?The term high-net-worth individual (HWNI) refers to a financial industry classification denoting an individual with liquid assets above a certain figure. People who fall into this category generally have at least $1 million in liquid financial assets. The assets held by these individuals must be easily liquidated and cannot include things like property or fine art. HNWIs often seek the assistance of financial professionals in order to manage their mo...

What Is Creative Destruction?Creative destruction is the dismantling of long-standing practices in order to make way for innovation and is seen as a driving force of capitalism.KEY TAKEAWAYSCreative destruction describes the deliberate dismantling of established processes in order to make way for improved methods of production.Creative destruction is most often used to describe disruptive technologies such as the railroads or, in our own time, the internet.The term was coined in the early 194...

What Is Creative Destruction?Creative destruction is the dismantling of long-standing practices in order to make way for innovation and is seen as a driving force of capitalism.KEY TAKEAWAYSCreative destruction describes the deliberate dismantling of established processes in order to make way for improved methods of production.Creative destruction is most often used to describe disruptive technologies such as the railroads or, in our own time, the internet.The term was coined in the early 194...

What Is a Japanese Government Bond (JGB)?A Japanese Government Bond (JGB) is a bond issued by the government of Japan. The government pays interest on the bond until the maturity date. At the maturity date, the full price of the bond is returned to the bondholder. Japanese government bonds play a key role in the financial securities market in Japan.KEY TAKEAWAYSJapanese government bonds (JGBs) are bonds issued by the Japanese government and have become a key part of the country's central...

What Is a Japanese Government Bond (JGB)?A Japanese Government Bond (JGB) is a bond issued by the government of Japan. The government pays interest on the bond until the maturity date. At the maturity date, the full price of the bond is returned to the bondholder. Japanese government bonds play a key role in the financial securities market in Japan.KEY TAKEAWAYSJapanese government bonds (JGBs) are bonds issued by the Japanese government and have become a key part of the country's central...

What Was the Great Depression?The term "Great Depression" refers to the greatest and longest economic recession in modern world history. The Great Depression ran between 1929 and 1941, which was the same year that the United States entered World War II in 1941. This period was accentuated by a number of economic contractions, including the stock market crash of 1929 and banking panics that occurred in 1930 and 1931. Economists and historians often cite the Great Depression as one of the large...

What Was the Great Depression?The term "Great Depression" refers to the greatest and longest economic recession in modern world history. The Great Depression ran between 1929 and 1941, which was the same year that the United States entered World War II in 1941. This period was accentuated by a number of economic contractions, including the stock market crash of 1929 and banking panics that occurred in 1930 and 1931. Economists and historians often cite the Great Depression as one of the large...

What Is Online Banking?Online banking allows a user to conduct financial transactions via the Internet. Online banking is also known as Internet banking or web banking. Online banking offers customers almost every service traditionally available through a local branch including deposits, transfers, and online bill payments. Virtually every banking institution has some form of online banking, available both on desktop versions and through mobile apps.KEY TAKEAWAYSOnline banking allows a user t...

What Is Online Banking?Online banking allows a user to conduct financial transactions via the Internet. Online banking is also known as Internet banking or web banking. Online banking offers customers almost every service traditionally available through a local branch including deposits, transfers, and online bill payments. Virtually every banking institution has some form of online banking, available both on desktop versions and through mobile apps.KEY TAKEAWAYSOnline banking allows a user t...

What Are Hard Skills?Hard skills are learned abilities acquired and enhanced through practice, repetition, and education. Hard skills are essential because they increase employee productivity and efficiency and subsequently improve employee satisfaction. Hard skills are important for your resume, as employers look for them when reviewing your application. However, hard skills alone don't translate into business success as employees also need to employ other skills, such as soft skills, t...

What Are Hard Skills?Hard skills are learned abilities acquired and enhanced through practice, repetition, and education. Hard skills are essential because they increase employee productivity and efficiency and subsequently improve employee satisfaction. Hard skills are important for your resume, as employers look for them when reviewing your application. However, hard skills alone don't translate into business success as employees also need to employ other skills, such as soft skills, t...

What Is Zacks Investment Research?Zacks Investment Research is an American company dedicated to the production of independent research and investment-related content. It was founded in 1978 by Len Zacks, based on his insights while pursuing his Ph.D. at MIT. The company provides professional investors with financial data and analysis to help make better investment decisions for proprietary accounts and the investment accounts of clients. Zacks is probably known best known for its extensive ar...

What Is Zacks Investment Research?Zacks Investment Research is an American company dedicated to the production of independent research and investment-related content. It was founded in 1978 by Len Zacks, based on his insights while pursuing his Ph.D. at MIT. The company provides professional investors with financial data and analysis to help make better investment decisions for proprietary accounts and the investment accounts of clients. Zacks is probably known best known for its extensive ar...

What Is the Triple Bottom Line (TBL)?In economics, the triple bottom line (TBL) maintains that companies should commit to focusing as much on social and environmental concerns as they do on profits. TBL theory posits that instead of one bottom line, there should be three: profit, people, and the planet. A TBL seeks to gauge a corporation's level of commitment to corporate social responsibility and its impact on the environment over time. In 1994, John Elkington—the famed British manageme...

What Is the Triple Bottom Line (TBL)?In economics, the triple bottom line (TBL) maintains that companies should commit to focusing as much on social and environmental concerns as they do on profits. TBL theory posits that instead of one bottom line, there should be three: profit, people, and the planet. A TBL seeks to gauge a corporation's level of commitment to corporate social responsibility and its impact on the environment over time. In 1994, John Elkington—the famed British manageme...

What Is Year's Maximum Pensionable Earnings (YMPE)?The Canadian government sets the year's maximum pensionable earnings (YMPE) figure. The YMPE determines the maximum amount on which to base contributions to the Canada or Quebec Pension Plan (C/QPP). The YMPE specifies the earnings amount that can be used in calculating pension contributions for each year.1 2 KEY TAKEAWAYSThe CPP determines the maximum earnings amount for contributions to the CPP.The maximum pensionable earnings und...

What Is Year's Maximum Pensionable Earnings (YMPE)?The Canadian government sets the year's maximum pensionable earnings (YMPE) figure. The YMPE determines the maximum amount on which to base contributions to the Canada or Quebec Pension Plan (C/QPP). The YMPE specifies the earnings amount that can be used in calculating pension contributions for each year.1 2 KEY TAKEAWAYSThe CPP determines the maximum earnings amount for contributions to the CPP.The maximum pensionable earnings und...

What Is Management by Objectives (MBO)?Management by objectives (MBO) is a strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees. According to the theory, having a say in goal setting and action plans encourages participation and commitment among employees, as well as aligning objectives across the organization.KEY TAKEAWAYSManagement by objectives (MBO) is a strategic management mo...

What Is Management by Objectives (MBO)?Management by objectives (MBO) is a strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees. According to the theory, having a say in goal setting and action plans encourages participation and commitment among employees, as well as aligning objectives across the organization.KEY TAKEAWAYSManagement by objectives (MBO) is a strategic management mo...