What Is a Service Charge? A service charge is an additional fee covering administrative, processing, or service costs that are provided when purchasing a product or service. Typically, a service charge covers additional benefits that are linked to the principal product or service that is being purchased. Usually, the fee […]
Ballpark Figures – What Is a Ballpark Estimate? Ballpark figures are used to describe a rough numerical estimation or approximation of the size or value of something that is uncertain. In accounting, they are a rough but reasonable estimate of the worth of something that is otherwise unknown. Salespeople, accountants, […]
What Is a Modified Gross Lease? A modified gross lease is a rental agreement where the landlord and tenant share the responsibility of paying a property’s operating expenses. In general, the tenant pays base rent but also bears a proportional amount of the property’s other expenditures. For example, property taxes, […]
What Is Subordinated Debt? Subordinated debt is an unsecured obligation that ranks lower in terms of claims on assets or profits than more senior loans or obligations. This type of debt is also known as a subordinated debenture. It is an unsecured loan or bond that ranks lower in terms of […]
What Is a Stock Rights Offering and Issue? A stock rights offering is an opportunity granted to existing shareholders to acquire more stock shares in proportion to their current holdings. The new shares are known as subscription warrants and are considered a sort of option. A stock warrant is issued […]
Cornering the Market – What Does “Corner the Market” Mean? Cornering the market is acquiring and holding or owning enough stocks, assets, or commodities to effectively manipulate the market price. Typically, it entails acquiring a sufficient number of a company’s shares or owning a big enough commodities position to control […]