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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 Money Order?

A money order is an option a person can make if he wants to send money through the US Mail without having to issue a personal check. Money orders are still a popular way of sending money or paying bills. In fact, a lot of people would prefer getting a money order instead of a personal check. By...

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Danielle Chiesi, Raj Rajaratnam, Robert Moffat and 20 Others in Galleon Group Hedge Fund Scandal

Danielle Chiesi, Raj Rajaratnam, Robert Moffat and 20 others involved in Galleon Group hedge fund scandal.  The New York based Galleon Group was exposed for fradulent business dealings in October 2009.   Rajaratnam, co-founder of Galleon, and Chiesi, top executive at Galleon, went before...

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What Is a Merit Increase?

A merit increase is a performance-based increase in an employee’s wages. A merit increase can be applied to hourly or yearly wages. If an employee is paid by the hour, he usually gets a merit increase in such a way that he gets a higher per hour rate. For example, if he gets $10 per hour, after...

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What Are Starter Checks?

Starter checks are generic checks that are sometimes issued to clients who open a new checking account. The rationale behind issuing starter checks is so that the client can immediately write out checks without having to wait for checks to be printed out. Normally, checks come with the necessary...

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What Is Casualty Insurance?

There are many kinds of insurance policies, and casualty insurance is a category that deals with loss associated with events that are unforeseen. For example, loss due to burglary and fraud can be covered by casualty insurance. However, injury or loss due to health issues and fire are not included...

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Ten Great Schools for Online Accounting Education

As one of the most popular options for educational advancement, a Bachelor's in Accounting Degree provides students with entry into a field that will grow between 16 and 22 percent for several years according to the Department of Labor. The most abundant professionals in this field entail accountants,...

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MBA Students Must Adapt to Land That Dream Job

Students contemplating the pursuit of an MBA degree need to be heedful of rapidly changing dynamics in the business sector. Many students graduating with an MBA degree are finding themselves on the outside looking in. MBA candidates need to analyze the current business climate and choose the right...

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What Is Economics?

The study of the production, distribution and consumption of both goods and services is called economics. What economists do is to try to understand the economy and how it responds to the many factors that would influence it. The concept of modern economics started in 1776. This was the year Adam...

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What Is an Implied Contract?

An implied contract involves the express behavior of a party making a promise of goods or services in exchange for goods, services, or compensation in a promise expressed in the behavior of the other party involved in the agreement. Because an implied contract is only expressed in behavior and...