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Are Banks Open on Columbus Day ?

Are Banks Open on Columbus Day ?

Columbus Day is a federal holiday and is observed as such by all federal government, and banks. Columbus Day became an official state holiday in Colorado in 1905 and later became a federal holiday in 1934. People have celebrated Columbus voyage since the colonial era. It makes for an unexpected...

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What Is a Cash Advance?

A cash advance is a term used to describe a feature or service that are inherently included in credit cards. This is the option of cardholders to borrow actually money against their current credit card balance. Usually, the amount of money that can be taken for a cash advance is a percentage of...

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What Is a Lender?

Lenders refer to individuals or institutions that provide loans. There are many different kinds of lenders. These include educational lenders and commercial lenders, hard money lenders and mutual organizations, as well as lenders of last resort. The most common type, however, is the commercial...

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What Is a Merger?

A merger refers to the situation when two companies are absorbed into a single entity. Stockholders are allowed to keep equal interest in the new company—unlike in acquisitions, where one of the companies buys into the second company’s stock to have greater control. Only a fraction of merger...

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What Is Keynesian Economics?

Keynesian Economics is a theory put forth by the British economist, John Maynard Keynes. It was used to analyze the Great Depression and was influential in the decision of the United States government to enforce interventionist economic policies. According to Keyes, a healthy economy encourages...

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What Is a Chancery Court?

Different courts exist to hand out different verdicts, depending on what kind of verdict is necessary for the case. A chancery court is similar to a court of equity wherein it settles matters of land, trusts, and issues regarding individuals who are mentally incapable to handle their own affairs....

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What Is a Ransom?

Ransom is the practice of holding an individual or object prisoner until a payment is made in exchange for their release. This practice is a form of extortion, blackmail, and coercion in that it requires compensation in order for an individual to secure whatever person, object, or information was...

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What Is Commercial Law?

There are different areas of law that address specific and general issues and matters between people and between people and government agencies. In terms of rules and regulations with regards to commerce, business, and other transactions involving retail or wholesale. The focus of commercial law...

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How Do I Get a Passport?

Any person can avail of a passport in the country where he or she is a citizen. It is necessary to have a passport when traveling to areas that are not within the jurisdiction of one’s own country. The purpose of a passport is to provide a person with a legal document that serves as...

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What Is Check Kiting?

Many types of fraud exist that involve the transfer of cash between checking accounts in different banks. A person can write a check using an account from one bank and deposit the check to another account in another bank before the check can bounce or be considered invalid. This type of fraud is...