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What Is a Credit Rating?

A credit rating is a method of assessing how credit worthy is an individual. The rating is represented by a number that lending institutions use to find out if the individual should be approved if he is applying for credit or a loan. The credit rating of an individual is based on many factors. Some...

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What Is a Corkage Fee?

A corkage fee is a term used in the restaurant industry to refer to the charge that is imposed on customers who decide to bring their own bottle of wine in the restaurant for the purpose of consuming it inside the restaurant premises. The corkage fee is usually not a large amount. The fee is more...

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What Is a Contractor's License?

A license is a way of showing accreditation and that a person knows and had training to do the skills on which he was licensed. A contractor’s license is the same, it proves that the contractor is accredited and has the proper knowledge and skills to perform the job of a contractor. The licensing...

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What Is an Interest Rate?

Lending companies are allowed by law to earn from their business by charging people who borrow money from these companies a fee for the service these companies offer, which is to lend money. Usually, lending companies earn money by imposing interest on the amount borrowed. The amount of interest...

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What Is Experiential Marketing?

Experiential marketing is a marketing concept that joins together the various elements of logic, emotion and general thought process in order to establish a connection with the consumer. The main objective of using experiential marketing is to establish a connection with the consumer in a manner...

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US Cities Take Desperate Measures to Deal With Budget Crisis

As cities around the United States feel the tightening noose of economic reality, some of them are resorting to extreme measures. Take Phoenix for example which recently instituted a 2% tax on food. Considered a necessity of life, nutritional food is normally one of the things sacrosanct enough...

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What Is Human Resources?

Human resources is one of the many departments that are part of a company or business. It is one of the more important departments in a company, and also one of the most misunderstood. People who work in the Human Resources department have the responsibility of hiring people and also firing them....

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What Is LIBOR?

LIBOR stands for the London Interbank Offered Rate, and it is the most robust interest rate market on earth. The LIBOR is based on the rates that the banks who are part of the London money market offer to each other when it comes to short term deposits. LIBOR is a big help in finding out the price...

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What Is Penny Stock Fraud?

Penny stocks are a type of stocks that are usually traded for a price of under one dollar, and often for just under a penny. This type of stock is one that is not well regulated and because of this penny stock fraud is a very common problem. In fact, it is so common that different slangs have been...

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More Closings Bad News for U.S. Banks

More bad news for Banks within United States was announced this week. The Federal Deposit Insurance Corporation closed banks in Florida, Illionois, Maryland, and Utah. The total number of banks that have closed in the first quarter of 2010 adds up to 26. In 2009, the total number of banks closed...