What Is a Liquidator? A liquidator is a specialist who administers the winding up of a company, paying off creditors and distributing the remainder to shareholders. In general terms, it refers to a person or entity that liquidates something—usually assets. Assets are liquidated by selling them on the open market […]
What Is Smurfing in Finance and Banking? A smurf is an insider term for a money launderer who tries to avoid detection by government agencies. Smurfing is the practice of dividing big transactions into smaller ones that are individually below the reporting threshold. Smurfing is a criminal offense with significant […]
What Is a Branded Title Auto? A branded title identifies a vehicle that has sustained damage due to causes like accidents, flooding, odometer tampering, etc. Once a brand has been assigned to a car’s title, it cannot be removed by repair, no matter how thorough. A branded title indicates that […]
Fresh Start Program – How To Start Over with the IRS The IRS Fresh Start Program offers debt offers relief options to delinquent taxpayers. The program makes it easier for taxpayers to pay off significant tax debt and penalties legally. Taxpayers who are unable to pay their Internal Revenue Service […]
What Is a Hold Harmless Agreement? A hold harmless agreement is a legal document or clause stating that one party will not hold the other liable for damage, injury, or loss. As a result, this type of agreement shields individuals and companies against potential litigation. It requires the persons with […]
What is a Dead Cat Bounce when Investing? A dead cat bounce is an investment phrase. It refers to a brief increase in the price of a stock or other asset amid a lengthy period of decline. The name derives from the concept that even a dead cat will bounce […]